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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) $ 48,103 Allowance for Doubtful Accounts (XA) 8,399 $39,704 Accounts Receivable (Net) (A) During the current year, sales on account were $304,798, collections on account were $290,000, write-offs of bad debts were $6,984, and the bad debt expense adjustment was $4,700. 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 Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Accounts Receivable (Gross) Debit Credit Beginning balance Ending balance Allowance for Doubtful Accounts Debit Credit Beginning balance Ending balance A Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year. DURNEY'S OUTDOOR OUTFITTERS Income Statement (Partial) For the Year Ended December 31 Selling, general, and administrative expenses: < Req 1A Req 1C > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year. (Amounts to be deducted should be indicated by a minus sign.) DURNEY'S OUTDOOR OUTFITTERS Balance Sheet (Partial) As of December 31 Current assets
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