The following are a series of unrelated situations Answer the questions relating to each of the five independent situations as requested. 1. Grouper Company's unadjusted trial balance at December 31, 2020, included the following accounts Accounts receivable Allowance for doubtful accounts Net sales Debit Bad debt expense for 2020 -$48,200 Credit Grouper Company estimates uncollectible accounts will be 8% of gross accounts receivable. Determine its bad debt expense for 2020 $1,253,200 Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books 2. An analysis and aging of Monty Corp accounts receivable at December 31, 2020, disclosed the following $180,290 1764.600 226,340 What is the net amount expected to be collected of Monty's receivables at December 31, 20207 Net realizable value S 3. Flounder Ca provides for doubtful accounts based on 2% of gross accounts receivable, The following data and available for 2020 Credit sales during 2020 $1,352.000 58.110 Bad debt experie Allowance for doubtful accounts 1/1/20 17,640 Collection of accounts written off in prior years (customer credit was reestablished Customer accounts writtes off as uncollectible during 2020 What is the balance in Allowance for Doubtful Accounts at December 31, 20207 Allowance for doubtful accounts 12/31/20 $ 4. At the end of its first year of operations December 31, 2020, Culver Inc. reported the following information Accounts receivable net of allowance for doubtful accounts 7.950 29.220 $1,000,200 Customer accounts written off as uncollectible during 2020 Bad debt expense for 2020 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 Larkspur Inc's trial balance at December 31, 2020. Net credit sales Allowance for doubtful accounts Accounts receivable Bad debt expense, as adjusted 5 Tart Debit and M $13,180 326.500 24,330 90,520 Credit If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. $784,200