Clip from spring 2020 session originally on 2/13/2020.
Discussion of accounts receivable and bad debts under the allowance method with
this example. Note that the discussion of the allowance method as a percentage of AR (aging method) had an error for years 2 and 3 (which were not discussed but noted in the video). The error was that the calculated gross AR balances did not include the prior year's gross AR balance in cells F8 and F9. This has now been corrected.