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Business, 24.11.2021 07:00 anonymous8888

At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Accounts Receivable, Dec. 31, prior year
Accounts Receivable (Gross) (A) $48,163
Allowance for Doubtful Accounts (XA) 8,424
Accounts Receivable (Net) (A) $39,739

During the current year, sales on account were $305,423, collections on account were $290,250, write-offs of bad debts were $7,009, and the bad debt expense adjustment was $4,725.

Required:
Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values.

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At the end of the prior year, Durney's Outdoor Outfitters reported the following information. Acco...
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