Question: plz solve everything and i will rate! a. Compute bad debt expense for the year ending December 31 and the net realizable value of Gaine's

plz solve everything and i will rate!
plz solve everything and i will rate! a. Compute bad debt expense
for the year ending December 31 and the net realizable value of
Gaine's accounts receivable as of December 31 b. Prepare the journal entry

a. Compute bad debt expense for the year ending December 31 and the net realizable value of Gaine's accounts receivable as of December 31 b. Prepare the journal entry to record the bad debt expense for the year c. Independent of the information used in parts (a) and (b), assume that on January 1 of the current year with the net realizable value of accounts receivable equal to $472,000, the company decided to factor $440,000 of accounts receivable to Fast Factors, LTD. Fast retains 5% of the amount factored as a reserve or hold back. Fast Factors also charged Gaine a 2% financing fee ( 2% of the total factored amount) As a result, only 93% of the proceeds are remitted. i. Prepare the journal entry to record the factoring of $440,000 of accounts recervable assuming that Gaine sold the receivables without recourse. ii. Prepare the journal entry to record the factoring of $440,000 of accounts receivable assuming that Gaine sold the receivables with recourse and the recourse obligation is estimated to be $6,600. Gaine Company has organized its accounts receivable by customer and how long each recervable has been outstanding Gaine records bad debt expense base The followng information is as of the end of the year (December 31) (Click the icon to vew the schedule of accounts receivable) At the beginning of the yoar, Gaine had accounts receivable of $490,000 and a credit balance of $34,000 in its allowance for uncollectible accounts. During the y receivable in the amount of $110,000 Assume no recovenes of write-olfs during the year Read the Requirement a. Compute bad debt expense for the yoar ending December 31 and the net roalzable value of Gaine's accounts recervable as of December 31 The bad debt exponse for the yoar ending December 31 is Schedule of accounts receivable

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