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Presented below are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested.
1.
Debit
Credit
Accounts receivable
$54,100Allowance for doubtful accounts$7,320Net sales$1,279,700
2.
Amounts estimated to be uncollectible$ 183,680Accounts receivable1,793,800Allowance for doubtful accounts (per books)128,620
The net realizable value
3.
Credit sales during 2017$4,244,100Bad debt expense
57,800Allowance for doubtful accounts 1/1/1716,450Collection of accounts written off in prior years (customer credit was reestablished)7,250Customer accounts written off as uncollectible during 201732,230
The balance in Allowance for Doubtful Accounts
4.
Accounts receivable, net of allowance for doubtful accounts$921,900Customer accounts written off as uncollectible during 201722,440Bad debt expense for 201780,610
Accounts receivable, before deducting allowance for doubtful accounts
5.
Debit
Credit
Net credit sales$734,900Allowance for doubtful accounts$12,740Accounts receivable301,400
The bad debt expense, as adjusted
