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im having trouble understanding the concept here? At the end of the prior yeat, Dumey's Ousdoor Outfitters reported the following information. During the current year,
im having trouble understanding the concept here? At the end of the prior yeat, Dumey's Ousdoor Outfitters reported the following information. During the current year, saies on account were $306.923, collections on account were $290.850, write-offs of bad debts were 57.069. and the bad debt expense adjustment was $4,785. Required: 1-e. Complete the Accounts Recelvable 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 Recelvable and Bad Debt Expense that would be reported on the income statement for the current yeat. 1.c. Complete the amounts rolated 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
im having trouble understanding the concept here?
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