Accounting Assignment | College Homework Help

Help Save & Exit Submit Check my work E6-8 (Algo) Reporting Bad Debt Expense and Accounts Receivable LO6-2 At the end of the prior year, Durney’s Outdoor Outfitters reported the following information. 0:40 Accounts Receivable, Dec. 31, prior year Accounts Receivable (Gross) (A) $ Allowance for Doubtful Accounts (XA) Accounts Receivable (Net) (A) $ 48,211 39,767 During the current year, sales on account were $305,923, collections on account were $290,450, write-offs of bad debts were $7,029, and the bad debt expense adjustment was $4,745. nces Required:

1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations. 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. Complete this question by entering your answers in the tabs below.

Next > < Prex 6 of 12 HI! MacBook Help Save & Exh current year. Submit Check my work Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 1C Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income taxe Accounts Receivable (Gross) Beg. bal. Allowance for Doubtful Accounts Beg bal. IT End. bal. End. bal. Reg 1B > < Prex 6 of 12 !!! Next > MacBook Saved Help Save & Exit Submit current year. Check my work Complete this question by entering your answers in the tabs below. Req 1A Red 1B Req 1C Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

RS DURNEY’S OUTDOOR OUTFITTERS Income Statement (Partial) For the Year Ended December 31 Selling, general, and administrative expenses: < Req 1A Reg 10 > Next > < Prey 6 of 12 Help Save & Exit Su current year. Check my w Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C 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.) DURNEY’S OUTDOOR OUTFITTERS Balance Sheet (Partial) As of December 31 Current assets: < Req 1B Regic < Prey 6 of 12 !!! Next >Get Accounting Homework Help Today