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A company uses the aging of accounts receivable method to estimate its bed debts expense. On December 31 of the current year an aging analysis

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A company uses the aging of accounts receivable method to estimate its bed debts expense. On December 31 of the current year an aging analysis of accounts receivable revealed following: Required: a. Calculate the amount of the Allowance for Doubtful Accounts that should be reported on the current year-end balance sheet. b. Calculate the amount of the Bad Debts Expense that should be reported on the current year's income statement, assuming that the balance of the Allowance for Doubtful Accounts on January of the current year was $41,000 and that accounts receivable written off during the current year totaled $43, 200. c. Prepare the adjusting entry to record bad debts expenses on December 31 of the current year. d. Show how Accounts Receivable will appear on the current year-end balance sheet as of December 31

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