The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested.

1. Indigo Companys unadjusted trial balance at December 31, 2020, included the following accounts.

Debit Credit

Accounts receivable $ 52,100

Allowance for doubtful accounts 7,940 Net sales $ 1,229,300

Indigo Company estimates uncollectible accounts will be 7% of gross accounts receivable.

Determine its bad debt expense for 2020. Bad debt expense for 2020 $ 2. An analysis and aging of Sweet Corp. accounts receivable at December 31, 2020, disclosed the following. Amounts estimated to be uncollectible $ 182,620 Accounts receivable 1,750,100 Allowance for doubtful accounts (per books) 127,810 What is the net amount expected to be collected of Sweets receivables at December 31, 2020? Net realizable value $ 3. Pharoah Co. provides for doubtful accounts based on 2% of gross accounts receivable, The following data are available for 2020. Credit sales during 2020 $ 3,804,000 Bad debt expense 57,090 Allowance for doubtful accounts 1/1/20 18,060 Collection of accounts written off in prior years (customer credit was reestablished) 7,530 Customer accounts written off as uncollectible during 2020 27,110 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ 4. At the end of its first year of operations, December 31, 2020, Novak Inc. reported the following information. Accounts receivable, net of allowance for doubtful accounts $ 875,400 Customer accounts written off as uncollectible during 2020 23,400 Bad debt expense for 2020 85,240 What should be the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts $ 5. The following accounts were taken from Splish Inc.s trial balance at December 31, 2020. Debit Credit Net credit sales $ 711,400 Allowance for doubtful accounts $ 13,260 Accounts receivable 340,400 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Bad debt expense, as adjusted $