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At the beginning of the year accounts recevable were $148,000 bad debts expense totaled $15,400, and $12,400 of accounts receivable were witen oft as bad

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At the beginning of the year accounts recevable were $148,000 bad debts expense totaled $15,400, and $12,400 of accounts receivable were witen oft as bad debts and the allowance for bad debts was $11,900. During the year, sales (al on account) were $804,000, cash collections were $584 000, Required: Calculate the balances at the end of the year for the Accounts Recevable and Allowance for Bad Debts accounts (hHint Use T-accounts to anayze each of these accounts, glug in he amounts mat you know, and solve for the ending balances.) ling Accounts receivable 140 200 Allowance for bad debts

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