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The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Concord Company's unadjusted
The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Concord Company's unadjusted trial balance at December 31,2025 , included the following accounts. Concord Company estimates its bad debt expense to be 6% of gross accounts receivable. Determine its bad debt expense for 2025. Bad debt expense for 2025 $ 2. An analysis and aging of Marigold Corp. accounts receivable at December 31,2025 , disclosed the following. What is the net amount expected to be collected of Marigold's receivables at December 31,2025 ? Net realizable value $ 3. Swifty Co. provides for doubtful accounts based on 4% of gross accounts receivable. The following data are available for 2025. What is the balance in Allowance for Doubtful Accounts at December 31, 2025? Allowance for doubtful accounts 12/31/25$ 4. At the end of its first year of operations, December 31,2025 , Nash Inc. reported the following information. What should be the balance in accounts receivable at December 31,2025 , before subtracting the allowance for doubtful account Accounts receivable, before deducting allowance for doubtful accounts $ 5. The following accounts were taken from Crane Inc's trial balance at December 31, 2025. If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2025
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