Macrosoft develops, produces, and markets a wide range of computer software. On its r Macrosoft reported the following information about net sales revenue and accounts rece Accounts receivable, net of allowances of $136 and $130 Net sales revenue Current Year $ 13,089 $ 62,420 According to its Form 10-K, Macrosoft recorded bad debt expense of $96 and there wer- the current year. (Hint. Refer to the summary of the effects of accounting for bad debts o (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the T-accounts to solv Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for all of Macrosoft's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount of bad debts was written off during the current year? (Enter your answers in m Allowance for Doubtful Accounts Ren hall Prev 1 of 4 Next >