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Q 20 6 points) Babka Company is a wholesale bread company. They only sell on credit. During the current year they did not have any
Q 20 6 points) Babka Company is a wholesale bread company. They only sell on credit. During the current year they did not have any recovery of any receivables written off. The t-accounts for accounts receivable and allowance for doubtful accounts are below. Accounts Receivable 152,000 792,000 600,000 Various dates throughout the year 7,000 5/23 337,000 Allowance for Doubtful Accounts 12,000 1/1 5/23 7,000 28,000 1) What amount did Babka Company report on its income statement for bad debt expense in the current year? 2) What amount of receivables did Babka Company write off this year? 3) What net accounts receivable does Babka Company report on its balance sheet
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