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$2.400 before write-offs and of 2017, the allowance for doubt adjustments. Morse evaluates its receivable. Morse then prep Morse Company uses the aging method to
$2.400 before write-offs and of 2017, the allowance for doubt adjustments. Morse evaluates its receivable. Morse then prep Morse Company uses the aging method to estimate bad debts. At the allowance for doubtful accounts has a credit balance of $2.400 bet se evaluates its past due accounts and decides to write off $4,000 of a terse then prepares the following aging schedule as of December 31, 2017 counts written oll are not included in the aging schedule that the accounts Category Amount Uncollectible Not past due $ 140,000 29 1-45 days 30.000 Beyond 45 days past due 10,000 25% What is the final balance in the allowance for doubtful accounts at December 31, 201721 point) b. What effect will bad debts have on Morse's reported net income for the period ended December 31, 2017? You may ignore income tax effects. [1 point] c. What amount of net accounts receivable should Morse report on its December 31, 2017 balance sheet? [1 point]
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