Allowance for Doubtful Accounts At the beginning of the year, Kullerud Manufacturing had a credit balance...

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Allowance for Doubtful Accounts At the beginning of the year, Kullerud Manufacturing had a credit balance in its allowance fo

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Answer 1

Answer #1

Allowance for doubtful account

Accounts receivable (Bal. Figure)	41,980	Beginning balance	10,670
		Bad debt expense	42,550
		Ending balance	11,240

Allowance for doubtful accounts, beginning = $10,670

Allowance for doubtful accounts, ending = $11,240

Bad debt expense = $42,550

Amount of receivable that Kullerud wrote off during the year = Allowance for doubtful accounts, beginning + Bad debt expense - Allowance for doubtful accounts, ending

= 10,670 + 42,550 - 11,240

= $41980

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Answer 2

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Allowance for Doubtful Accounts At the beginning of the year, Kullerud Manufacturing had a credit balance...

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