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At the beginning of the fourth quarter, there was a credit balance of $13,050 in the Allowance for Uncollectible Accounts. During the fourth quarter, LaFond
At the beginning of the fourth quarter, there was a credit balance of $13,050 in the Allowance for Uncollectible Accounts. During the fourth quarter, LaFond Company wrote off $11,490 in receivab uncollectible. a. What amount of bad debts expense will LaFond report for the year? $ b. What is the balance of accounts receivable that it reports on its December 31 balance sheet? $ c. Report (1) the write-off of accounts receivable as uncollectible and (2) bad debt expense calculated in part a using the financial statement effects template. Note: Use negative signs with your answers, when appropriate
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