EAlgo Inferring Bad Debt WriteOffs and Cash Collections from Customers LO
On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts
receivable amounts in thousands:
According to its Form K Hassell recorded bad debt expense of $ and there were no bad debt recoveries during the current
year.
Required:
Using the following Taccount for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current
year?
Using the following Taccount 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.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Required
Required
Using the following Taccount 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.
