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Exercise 5-13 (Static) Bad debts analysis-Allowance account LO 5-5 On January 1, 2022, the balance in Tabor Company's Allowance for Bad Debts account was $21,600.

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Exercise 5-13 (Static) Bad debts analysis-Allowance account LO 5-5 On January 1, 2022, the balance in Tabor Company's Allowance for Bad Debts account was $21,600. During the first 11 months of the year, bad debts expense of $24,910 was recognized. The balance in the Allowance for Bad Debts account at November 30 , 2022, was $17,440 Required: a. What was the total of accounts written off during the first 11 months? (Hint Make a T-account for the Allowance for Bad Debts account) b. As the result of a comprehensive analysis, it is determined that the December 31,2022 , balance of the Allowance for Bad Debts account should be $14,200. Show the adjustment required in the journal entry format. c. During a conversation with the credit manager, one of Tabor's sales representatives learns that a $1,275 receivable from a bankrupt customer has not been written off but was considered in the determination of the appropriate year-end balance of the Allowance for Bad Debts account balance. What is the effect of write-off on 2022 net income? Complete this question by entering your answers in the tabs below. What was the total of accounts written off during the first 11 months? (Hint: Make a T-account for the Allowance for Bad Debts account.)

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