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no handwriting please 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
no handwriting please
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 Accounts Receivable, Dec. 31, prior year Accounts Receivable (rosa) (A) Allowance for Doubtful Accounts (LA) Accounts Receivable (Net) (A) $ 48,127 39,792 During the current year, sales on account were $305,048, collections on account were $290,100, write-offs of bad debts were $6,994 and the bad debt expense adjustment was $4710. Required: 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations. 1-5. 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 IA Reg 1B 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 Reg 18 ) 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 Accounts Receivable, Dec. 31. prior year Mecounts Receivable (Gross) () $ Allowance for Doubtful Accounts (XA) Recounts Receivable (Met) (A) $ 48,127 0.409 39,718 During the current year, sales on account were $305,048, collections on account were $290,100, write-offs of bad debts were $6,994 and the bad debt expense adjustment was $4710. 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. Req1A Reg 18 Reg 1C complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year. DURNEYS OUTDOOR OUTFITTERS Income Statement (Partial) For the Year Ended December 31 Selling, general, and administrative expenses 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 Accounts Receivable. Dec. 31. prior year Accounts Receivable (Gross) (A) 48,127 Allowance for Doubtfal Accounts (LA) 8,409 Accounts Receivable (Set) (A) $39.718 During the current year, sales on account were $305,048, collections on account were $290.100, write-offs of bad debts were 56,994, and the bad debt expense adjustment was $4,710. 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 IA Reg 1B Reg 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 Reg 13 Step by Step Solution
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