E$6-18($Algo$)$ Inferring Bad Debt Write$-$Offs and Cash Collections from Customers LO$6-2$ E$6-18($Algo$)$ Inferring Bad Debt Write$-$Offs and Cash Collections from Customers LO$6-2$

On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts

receivable $($amounts in thousands$)$:

According to its Form $10-$K$,$ Hassell recorded bad debt expense of $$100$ and there were no bad debt recoveries during the current

year.

Required:

Using the following T$-$account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current

year?

Using the following T$-$account for Accounts Receivable $($Gross$),$ solve for cash collected from customers for the current year,

assuming that all of Hassell's sales during the period were on open account.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Using the following T$-$account for Allowance for Doubtful Accounts, What amount of bad debts was written off during the

current year? $($Enter your answers in thousands not in dollars.$)$

On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts

receivable $($amounts in thousands$)$:

According to its Form $10-$K$,$ Hassell recorded bad debt expense of $$100$ and there were no bad debt recoveries during the current

year.

Required:

Using the following T$-$account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current

year?

Using the following T$-$account for Accounts Receivable $($Gross$),$ solve for cash collected from customers for the current year,

assuming that all of Hassell's sales during the period were on open account.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Using the following T$-$account for Accounts Receivable $($Gross$),$ solve for cash collected from customers for the current year,

assuming that all of Hassell's sales during the period were on open account. $($Enter your answers in thousands not in dollars.$)$