## Answers

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Answer 1 | |

Blue company | Amount $ |

Accounts Receivable | 50,500.00 |

Uncollectible % | 5.00% |

Allowance for uncollectible should be | 2,525.00 |

Add: debit balance of Allowance for uncollectible | 5,670.00 |

Bad Debts Expense for 2017 | 8,195.00 |

Answer 2 | |

Kingbird corp. | Amount $ |

Accounts Receivable | 1,776,700.00 |

Less: Accounts estimated to be uncollectable | 182,490.00 |

Net realizable value of Accounts Receivable for 2017 | 1,594,210.00 |

Answer 3 | |

Oriole company | Amount $ |

Allowance for doubtful accounts- opening | 16,550.00 |

Add: Bad debt expense | 58,990.00 |

Add: Customer account recovered | 7,280.00 |

Less: Customer account written off | 28,560.00 |

Allowance for doubtful accounts- closing | 54,260.00 |

Answer 4 | |

Waterway Inc. | Amount $ |

Accounts Receivable net off Allowance for doubtful accounts | 925,900.00 |

Add: Bad debt expense | 86,750.00 |

Accounts Receivable before deducting Allowance for doubtful accounts | 1,012,650.00 |

Answer 5 | |

Wildhorse's Inc. | Amount $ |

Accounts Receivable | 305,200.00 |

Uncollectible % | 3.00% |

Allowance for uncollectible should be | 9,156.00 |

Add: debit balance of Allowance for uncollectible | 12,620.00 |

Bad Debts Expense for 2017 | 21,776.00 |

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