Question: e Review (IUPUIS 1 Help Save & Exit Submit Check my work At the beginning of the year, accounts receivable were $163,000 and the allowance
e Review (IUPUIS 1 Help Save & Exit Submit Check my work At the beginning of the year, accounts receivable were $163,000 and the allowance for bad debts was $13,400. During the year, sales (all on account) were $619,000, cash collections were $599,000, bad debts expense totaled $19,900, and $13,900 of accounts receivable were written off as bad debts. Required: Calculate the balances at the end of the year for the Accounts Receivable and Allowance for Bad Debts accounts. (Hint Use T- accounts to analyze each of these accounts, plug in the amounts that you know, and solve for the ending balances.) Ending balance Accounts receivable Allowance for bad debts
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