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At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, December 31, prior year Accounts Receivable (Gross) (A) $
At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, December 31, prior year Accounts Receivable (Gross) (A) $ 48,187 Allowance for Doubtful Accounts (XA) 8,434 Accounts Receivable (Net) (A) $ 39,753 During the current year, sales on account were $305,673, collections on account were $290,350, write-offs of bad debts were $7,019, and the bad debt expense adjustment was $4,735. Required: 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. 1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year. 1-c. Complete the amounts related to Acco
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