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begin{tabular}{|c|} hline multicolumn{2}{|c|}{ DURNEY'S OUTDOOR OUTFITTERS } hline multicolumn{2}{|c|}{ Income Statement (Partial) } hline For the Year Ended December 31 hline Selling,
\begin{tabular}{|c|} \hline \multicolumn{2}{|c|}{ DURNEY'S OUTDOOR OUTFITTERS } \\ \hline \multicolumn{2}{|c|}{ Income Statement (Partial) } \\ \hline For the Year Ended December 31 \\ \hline Selling, general, and administrative expenses: \\ \hline \\ \hline \end{tabular} At the end of the prior year, Durney's Outdoor Outfitters reported the following information. During the current year, sales on account were $306,298, collections on account were $290,600, write-offs of bad debts were $7,044, and the bad debt expense adjustment was $4,760. 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. DURNEY'S OUTDOOR OUTFITTERS Balance Sheet (Partial) As of December 31 \begin{tabular}{|l|l|l|} \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & $ \\ \hline \end{tabular}
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