Exercise 9-7 Determining bad debts expense using financial disclosures P2 Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current year. Helix did not recover any write-offs. Determine bad debts expense for the current year. At December 31 Accounts receivable Allowance for doubtful accounts Accounts receivable, net Current Year $5,000 400 $4,600 Prior Year $4,000 350 $3,650

Determining bad debts expense using financial disclosures P2 Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current year. Helix did not recover any write-offs. Determine bad debts expense for the current year