Presented below are a series of unrelated situations. 1. Spock

Presented below are a series of unrelated situations.

1. Spock Company's unadjusted trial balance at December 31, 2008, included the following accounts.


Presented below are a series of unrelated situations. 1. Spock


Spock Company estimates its bad debt expense to be 11⁄2% of net sales. Determine its bad debt expense for 2008.
2. An analysis and aging of Scotty Corp. accounts receivable at December 31, 2008, disclosed the following.
Amounts estimated to be uncollectible ... $ 180,000
Accounts receivable .......... 1,750,000
Allowance for doubtful accounts (per books) . 125,000
What is the net realizable value of Scotty's receivables at December 31, 2008?
3. Uhura Co. provides for doubtful accounts based on 3% of credit sales. The following data are available for 2008.
Credit sales during 2008 .............. $2,100,000
Allowance for doubtful accounts 1/1/08 ........ 17,000
Collection of accounts written off in prior years
(customer credit was reestablished) ............. 8,000
Customer accounts written off as uncollectible during 2008 . 30,000
What is the balance in the Allowance for Doubtful Accounts at December 31, 2008?
4. At the end of its first year of operations, December 31, 2008, Chekov Inc. reported the following information.
Accounts receivable, net of allowance for doubtful accounts . $950,000
Customer accounts written off as uncollectible during 2008 ... 24,000
Bad debt expense for 2008 ................ 84,000
What should be the balance in accounts receivable at December 31, 2008, before subtracting the allowance for doubtful accounts?
5. The following accounts were taken from Chappel Inc.'s trial balance at December 31, 2008.

Presented below are a series of unrelated situations. 1. Spock


If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2008.

Instructions
Answer the questions relating to each of the five independent situations as requested.