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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, 2017 and 2016: 12/31/17 12/31/16
The following is a portion of the current assets section of the balance sheets of Avanti's, Inc., at December 31, 2017 and 2016:
12/31/17 | 12/31/16 | |||
Accounts receivable, less allowance for bad debts of $9,744 and $19,891, respectively | $177,677 | $234,649 | ||
Required:
a. If $11,240 of accounts receivable were written off during 2017, 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.)
Bad debitexpense
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