On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue...

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On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands): Accounts receivable, net of allowances of $153 and $117 Net sales revenue Current Prior Year Year $ 13,589 $ 11,338 60,420 51,122 According to its Form 10-K, Hassell recorded bad debt expense of $88 and there were no bad debt recoveries during the current year. Required: 1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? 2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the following T-account for Allowance for Doubtful Accounts, What amount of bad debts was written off during the current year? (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts Debit Credit Beginning balance O Ending balance Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. (Enter your answers in thousands not in dollars.) Accounts Receivable (Gross) Debit Beginning balance Ending balance 0 Credit On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands): Accounts receivable, net of allowances of $153 and $117 Net sales revenue Current Prior Year Year $ 13,589 $ 11,338 60,420 51,122 According to its Form 10-K, Hassell recorded bad debt expense of $88 and there were no bad debt recoveries during the current year. Required: 1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? 2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the following T-account for Allowance for Doubtful Accounts, What amount of bad debts was written off during the current year? (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts Debit Credit Beginning balance O Ending balance Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. (Enter your answers in thousands not in dollars.) Accounts Receivable (Gross) Debit Beginning balance Ending balance 0 Credit