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Case B Samuda Enterprises uses the aging approach to estimate bad debt expense. At the...

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Accounting

Case B
Samuda Enterprises uses the aging approach to estimate bad debt expense. At the end of the current year, Samuda reported a
balance in accounts receivable of $614,000 and estimated that $12,100 of its accounts receivable would likely be uncollectible. The
allowance for doubtful accounts has a $1,200 debit balance at year-end (i.e., more was written off during the year than the balance in
the account).
Required:
What amount of bad debt expense should be recorded for the current year?
What amount will be reported on the current year's balance sheet for accounts receivable?
Bad debt expense of current year
Accounts receivable (net) of current year
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