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The following transactions were selected from among those completed by Bennett Retailers in November and December: Novenber 20 Sold 20 itens of merchandise to customer

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The following transactions were selected from among those completed by Bennett Retailers in November and December: Novenber 20 Sold 20 itens of merchandise to customer B at an invoice price of $6,500(t0ta1); terns 4/16,n/39. November 25 Sold two itens of merchandise to custoser c, who charged the s8ee (tota1) sales price on her visa credit Card. Visa charges bennett Retailers a 2 percent credit card fee. Novenber 28 50ld 10 identical items of merchandise to customer 0 at an involce price of 39,500 (tota1); terns 4/10,n/30. November 29 Custoner 0 returned one of the itens purchased on the 28 th; the ites was defective and credit was given to Decenber 20 Required: Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contra-revenues; computenet Assume that Sales Returns and Allowances, Sa the two months ended December 31 . Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount. Answer is complete but not entirely correct. At the end of the prior year, Durney's Outdoor Outfitters reported the following information During the current year, sales on account were $305,673, collections on account were $290,350, write-offs of bad debts were $7,019. and the bad debt expense adjustment was $4,735 Required: 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values 1.b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year 1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year. (Amounts to be deducted should be indicated by a minus sign.)

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