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The following is a portion of the current assets section of the balance sheets of Avant's. Inc, at December 31, 2017 and 2016. Required: a.
The following is a portion of the current assets section of the balance sheets of Avant's. Inc, at December 31, 2017 and 2016. Required: a. If $11, 961 of accounts receivable would with written during 2017, what was the amount of bad debts expense recognized for the year? b. The December 31, 2017, Allowance account balance include $3, 080 for a past due account that is not likely to be collected. The account has not been written off. If it had been written off, will there be any effect of the write-off on the working capital at December 31, 2017? Yes No If it that written off, will there be any effect of the write-off on Net income and ROI for the year ended December 31, 2017 Yes No c. The level of Avant's sales in 2017 were probably lower as compared to 2016. True False
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