At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, Dec.

Question:

At the end of the prior year, Durney's Outdoor Outfitters reported the following information.
Accounts Receivable, Dec. 31 prior year
Accounts Receivable (Gross)(A)........................ $48,067
Allowance for Doubtful Accounts (XA)................ 8,384
Accounts Receivable (Net)(A)........................... $39,683
During the current year, sales on account were $304,423, collections on account were $289,850, write¬offs of bad debts were $6,969, and the bad debt expense adjustment was $4,685.
Required:
Show how the amounts related to and Bad Debt Expense would be reported on the income statement and for the current year.
Accounts Receivable
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