LaFond Company analyzes its accounts receivable at December 31, 2009, and arrives at the aged categories below
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LaFond Company analyzes its accounts receivable at December 31, 2009, and arrives at the aged categories below along with the percentages that are estimated as uncollectible.
The unused balance of the allowance for uncollectible accounts is \(\$ 520\) on December 31, 2009, before any adjustments
a. What amount of bad debts expense will LaFond report in its income statement for 2009?
b. Use the financial statement effects template to record LaFond's bad debts expense for 2009 .
c. What is the balance of accounts receivable on its December 31, 2009. balance sheet?
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Related Book For
Financial Accounting For MBAs
ISBN: 9781934319345
4th Edition
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
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