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At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, Dec. 31 prior year Accounts Receivable (Gross) (A) Allowance
At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, Dec. 31 prior year Accounts Receivable (Gross) (A) Allowance for Doubtful Accounts (XA) $48,067 8,384 Accounts Receivable (Net) (A) $39,683 During the current year, sales on account were S304,423, collections on account were $289,850, write-offs of bad debts were $6,969, and the bad debt expense adjustment was $4,685 Required 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations. Accounts Receivable (Gross) Allowance for Doubtful Accounts Beg. bal. Beg. bal End. bal. End. bal
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