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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. Ayayai Companys unadjusted trial balance at December 31, 2017, included the following accounts. Debit Credit Accounts receivable $ 52,200 Allowance for doubtful accounts $ 5,240 Net sales $ 1,237,200 Ayayai Company estimates uncollectible accounts to be 8% of gross accounts receivable. Determine its bad debt expense for 2017. Bad debt expense for 2017 $ 2. An analysis and aging of Pina Corp. accounts receivable at December 31, 2017, disclosed the following. Amounts estimated to be uncollectible $ 184,190 Accounts receivable 1,753,500 Allowance for doubtful accounts (per books) 125,370 What is the net realizable value of Pinas receivables at December 31, 2017? The net realizable value $ 3. Grouper Co. provides for doubtful accounts based on 3% of gross accounts receivable, The following data are available for 2017. Credit sales during 2017 $ 3,025,600 Bad debt expense 59,380 Allowance for doubtful accounts 1/1/17 17,480 Collection of accounts written off in prior years (customer credit was reestablished) 8,630 Customer accounts written off as uncollectible during 2017 32,250 What is the balance in Allowance for Doubtful Accounts at December 31, 2017? The balance in Allowance for Doubtful Accounts $ 4. At the end of its first year of operations, December 31, 2017, Monty Inc. reported the following information. Accounts receivable, net of allowance for doubtful accounts $ 940,500 Customer accounts written off as uncollectible during 2017 24,100 Bad debt expense for 2017 85,250 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 Flounder Inc.s trial balance at December 31, 2017. Debit Credit Net credit sales $ 737,100 Allowance for doubtful accounts $ 15,110 Accounts receivable 307,100 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2017. The bad debt expense, as adjusted $

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