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Please solve and show all work Reporting Uncollectible Accounts and Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, 2016, and arrives at
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Reporting Uncollectible Accounts and Accounts Receivable LaFond Company analyzes its accounts receivable at December 31, 2016, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. At the beginning of the fourth quarter of 2016 , there was a credit balance of $4,390 in the Allowance for Uncollectible Accounts. During the fourth quarter, LaFond Company wrote off $3,790 in receivables as uncollectible. a. What amount of bad debts expense will LaFond report for 2016 ? 4 b. What is the balance of net accounts receivable that it reports on its December 31,2016 , balance sheet? 9 c. Set up T-accounts for both Bad Debts Expense and for the Allowance for Uncollectible Accounts. Enter any unadjusted balances along with the dollar effects of the information described (including your results from parts a and b)Step by Step Solution
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