Presented below are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Kingbird Company's unadjusted trial balance at December 31, 2017, included the following accounts. Debit Credit Accounts receivable $50,400 Allowance for doubtful accounts $6,000 Net sales $1,276,000 Kingbird Company estimates uncollectible accounts to be 7% of gross accounts receivable. Determine its bad debt expense for 2017. Bad debt expense for 2017 2. An analysis and aging of Oriole Corp. accounts receivable at December 31, 2017, disclosed the following. $ 183,880 Amounts estimated to be uncollectible Accounts receivable 1,792,200 Allowance for doubtful accounts (per books) 129,100 What is the net realizable value of Oriole's receivables at December 31, 2017? The net realizable value 3. Waterway Co. provides for doubtful accounts based on 3% of gross accounts receivable, The following data are available for 2017. Credit sales during 2017 $448,000 Bad debt expense 58,020 Allowance for doubtful accounts 1/1/17 17,340 Collection of accounts written off in prior years (customer credit was reestablished) 8,290 Customer accounts written off as uncollectible during 2017 29,650 What is the balance in Allowance for Doubtful Accounts at December 31, 2017? The balance in Allowance for Doubtful Accounts $1 4. At the end of its first year of operations, December 31, 2017, Wildhorse Inc. reported the following information. Accounts receivable, net of allowance for doubtful $1,035,100 accounts Customer accounts written off as uncollectible during 2017 22,380 Bad debt expense for 2017 76,380 What should be the balance in accounts receivable at December 31, 2017, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts 5. The following accounts were taken from Sheffield Inc.'s trial balance at December 31, 2017. Debit Credit Net credit sales $756,000 Allowance for doubtful accounts $13,950 Accounts receivable 336,100 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2017. The bad debt expense, as adjusted