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

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Accounting

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 10-K, Hassell recorded bad debt expense of $126 and there were no bad debt recoveries during the current
year.
Required:
Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current
year?
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.
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