At the end of the prior year, Durney’s Outdoor Outfitters reported the following information…. 1 answer below »


At the end of the preceding year, Durney's Outdoor Outfitters reputed the forthcoming advice. Accounts Receivable, Dec. 31 preceding year Accounts Receivable (Gross) (A) $ 48,067 Allowance for Doubtful Accounts (XA) 8,384 Accounts Receivable (Net) (A) $ 39,683 During the ordinary year, sales on totality were $304,423, collections on totality were $289,850, write-offs of bad debits were $6,969, and the bad debit payment compound was $4,685. Required: 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to particularize the counteract prevarication values. Disregard allowance tax considerations. 1-b. Complete the amounts akin to Accounts Receivable and Bad Debit Payment that would be reputed on the allowance announcement and counteract prevarication for the ordinary year. (Amounts to be deducted should be implied by a minus badge.)