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On January 1, 2022, the balance in Tabor Company's Allowance for Bad Debts account was $13.958. During the first 11 months of the year,
On January 1, 2022, the balance in Tabor Company's Allowance for Bad Debts account was $13.958. During the first 11 months of the year, bad debts expense of $21,535 was recognized. The balance in the Allowance for Bad Debts account at November 30, 2022, was $9,918. Required: a. What was the total of accounts written off during the first 11 months? (Fint. 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 $9.432. 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 $1,272 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. Required A Required B Required C 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.) Bad dots writs-off Required B >
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