Total accounts receivable $131.000 The balance of the allowance for uncollectible accounts is $520 on December before any ustments (a) What amount of bad debts expense will LaFond report in its income stateme $ 0 year. (b) Use the financial statement effects template to record LaFond's bad debts expense for Use negative signs with your answers, when appropriate. Balance Sheet Noncash Contributed Earned Transaction Cash Asset Assets - Liabilities Capital Capital Record bad debts expense 0 0 Income Statement Revenue Expenses - Net Income 00 (c) What is the balance of accounts receivable on it December 31 balance sheet? Check Assignment Module 4 Jump to... Total accounts receivable $131.000 The balance of the allowance for uncollectible accounts is $520 on December 31, before any adjustments (a) What amount of bad debts expense will LaFond report in its income statement $ 0 (b) Use the financial statement effects template to record LaFond's bad debts expense Use negative signs with your answers, when appropriate Balance Sheet Noncash Contributed Earned Transaction Cash Asset + Assets Liabilities Capital Capital Record bad debts expense 0 0 Income Statement Revenue. Expenses - Net Income 0 0 (c) What is the balance of accounts receivable on it December 31 balance sheet? Check Assignment Module 4 Jump to... Estimating Uncollectible Accounts and Reporting Accounts Receivable 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. Accounts Estimated Age Group Receivable Loss 0-30 days past due $90,000 31-60 days past due 61-120 days past due 11,000 121-180 6.000 Over 180 days past due 4,000 Total accounts receivable $131,000 The balance of the allowance for uncollectible accounts is $520 on December 31, before any adjustments. (a) What amount of bad debts expense will LaFond report in its income statement for the year? $ 0 (6) Use the financial statement effects template to record LaFond's bad debts expense for the year Use negative signs with your answers, when appropriate Assignment Module 4 Assignment Jump to