E6-8 (Algo) Reporting Bad Debt Expense and Accounts Receivable LO6-2 At the end of the prior year, Durney's Outdoor Outfitters reported the following information Pr Year Accounts Receivable. De Kecounts Receivable Gross) (A) Allowance for Doubtful Accounts (A) Accounts Receivable (et) (A) During the current year, sales on account were $304,923, collections on account were $290,050, write-offs of bad debts were $6.989 and the bad debt expense aqustment was $4,705. 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 Req 18 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) Allowance for Doubtful Accounts Endbal Req 1B E6-8 (Algo) Reporting Bad Debt Expense and Accounts Receivable LO6-2 At the end of the prior year, Durney's Outdoor Outfitters reported the following information 48,115 Accounts Receivable, Dec. 31. prior year Accounts Receivable (Grosa) (A) $ Allowance for Doubtful Accounts (XA) Accounts Receivable (Net) (A) $ 39,711 During the current year, sales on account were $304,923, collections on account were $290,050, write-offs of bad debts were 56,989 and the bad debt expense adjustment was $4.705. 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. Req 1A Reg 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 Reg 1A Req10 > E6-8 (Algo) Reporting Bad Debt Expense and Accounts Receivable L06-2 4.2 points At the end of the prior year, Durney's Outdoor Outfitters reported the following information Accounts Receivable, Dee. 31 prior year Accounts Receivable (Gross) (A) Allowance for Doubtful Accounts (MA) 8.404 Mecounts Receivable (Net) (A) 539.711 During the current year, sales on account were $304,923, collections on account were $290,050, write-offs of bad debts were $6.999 and the bad debt expense adjustment was $4,705. 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. Req 1A Reg 1B 1 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 (Reg 18
