Your answer is correct. Marin Inc's unadjusted trial balance at December 31, 2020, included the following accounts: Debit Credit Allowance for doubtful accounts $8,300 Sales revenue $2,075,000 Sales returns and allowances 60,800 Sales discounts 4,600 Marin estimates its bad debt expense to be 1.0% of net sales. Determine its bad debt expense for 2020. (Round answer to 0 decimal places, e.g. 58,971.) Bad debt expense 20096 X Your answer is incorrect. An analysis and aging of Riverbed Corps accounts receivable at December 31, 2020, disclosed the following: Amounts estimated to be uncollectible $163,000 Accounts receivable 1,820,000 Allowance for doubtful accounts (per books) 130,000 What is the net realizable value of Riverbed Corp.s receivables at December 31, 2020? Net realizable value ta Your answer is correct. Cullumber Company provides for doubtful accounts based on 4.5% of credit sales. The following data are available for 2020: Credit sales during 2020 $3,150,000 Allowance for doubtful accounts 1/1/20 37,300 Collection of accounts written off in prior years (customer credit was re-established) 18,500 Customer accounts written off as uncollectible during 2020 36,500 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ ta 161050 X Your answer is incorrect. At the end of its first year of operations, on December 31, 2020, Skysong Inc. reported the following information: Accounts receivable, net of allowance for doubtful accounts $1,010,000 Customer accounts written off as uncollectible during 2020 23,000 Bad debt expense for 2020 96,000 What is the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts $ X Your answer is incorrect. The following accounts were taken from Metlock Inc.'s unadjusted trial balance at December 31, 2020: Debit Credit Sales revenue (all on credit) $1,010,000 Sales discounts $21,100 Allowance for doubtful accounts 34,100 Accounts receivable 700,000 If doubtful accounts are 8% of accounts receivable, what is the bad debt expense amount to be reported for 2020? Bad debt expense $ 141750