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as detail as possible Question 4. Allowance for doubtful debts From the Statement of Financial Position: - For 2021, assume Gross Accounts Receivable was $93,000

as detail as possible

image text in transcribed Question 4. Allowance for doubtful debts From the Statement of Financial Position: - For 2021, assume Gross Accounts Receivable was $93,000 and the Allowance for Doubtful debts was $8,000. - For 2020, assume Gross Accounts Receivable was $62,000 and the Allowance for Doubtful Debts was $9,000. - Assume that the actual bad debts written off during the years were $6,500. Calculate the amount of Bad and Doubtful Debts expense included in Operating Expenses in the 2021 Statement of Financial Performance by reconstructing the ledger account for Allowance for Doubtful Debts

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