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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) $
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) $ 48,271 Allowance for Doubtful Accounts (XA) 8,469 Accounts Receivable (Net) (A) $ 39,802 During the current year, sales on account were $306,548, collections on account were $290,700, write-offs of bad debts were $7,054, and the bad debt expense adjustment was $4,770. Required: 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations. 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. Reg 1A Reg 1B Req 1C Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations. Accounts Receivable (Gross) Beg. bal. Allowance for Doubtful Accounts Beg. bal. End. bal. End, bal ROGA Req 1B >
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