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The following is a portion of the current assets section of the balance sheets of Avanti's, Inc., at December 31, 2020 and 2019: 12/31/20 12/31/19
The following is a portion of the current assets section of the balance sheets of Avanti's, Inc., at December 31, 2020 and 2019:
12/31/20 | 12/31/19 | |||
Accounts receivable, less allowance for bad debts of $9,503 and $15,380, respectively | $175,013 | $236,068 | ||
Required: a. If $11,064 of accounts receivable were written off during 2020, what was the amount of bad debts expense recognized for the year? (Hint: Use a T-account model of the Allowance account, plug in the three amounts that you know, and solve for the unknown.)
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