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Reporting Uncollectible Accounts and Accounts Receivable (FSET) LaFond Company analyzes its accounts receivable at December...

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Accounting

image Reporting Uncollectible Accounts and Accounts Receivable (FSET) LaFond Company analyzes its accounts receivable at December 31 and arrives at the aged categories below along with the percentages that are estimated as uncollectible. At the beginning of the fourth quarter, there was a credit balance of $11,745 in the Allowance for Uncollectible Accounts. During the fourth quarter, LaFond Company wrote off $10,341 in receivables as uncollectible. a. What amount of bad debts expense will LaFond report for the year? \$ b. What is the balance of accounts receivable that it reports on its December 31 balance sheet? c. Report (1) the write-off of accounts receivable as uncollectible and (2) bad debt expense calculated in part a using the financial statement effects template. Note: Use negative signs with your answers, when appropriate

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