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Reporting Uncollectible Accounts and Accounts Receivable ( FSET ) Analyzing Accounts Receivable Changes LaFond Company analyzes its accounts receivable at December 3 1 and arrives

Reporting Uncollectible Accounts and Accounts Receivable (FSET)Analyzing Accounts Receivable Changes
LaFond Company analyzes its accounts receivable at December 31 and arrives at the aged categories below along with the percentages that are estimated as uncollectible.
a. What amount of bad debts expense will LaFond report for the year? $
b. What is the balance of accounts receivable that it reports on its December 31 balance sheet? $
c. Report (1) the write-off of accounts receivable as uncollectible and (2) bad debt expense calculated in part a using the financial statement effects template.
Note: Use negative signs with your answers, when appropriate.
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