Question: Exercise 7 - 7 ( Algo ) Determining bad debts expense using financial disclosures LO P 2 Helix reported the following information in its financial

Exercise 7-7(Algo) Determining bad debts expense using financial disclosures LO P2
Helix reported the following information in its financial statements. Write-offs of accounts receivable were $340 in the current year. Helix did not recover any write-offs.
\table[[At December 31,Current Year,Prior Year],[Accounts receivable,$7,800,$5,400
Exercise 7-7(Algo) Determining bad debts expense using financial disclosures LO P2

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