Line 6, Amounts Written-off Closed (Bad Debts)/Transferred

270.9 - Line 6, Amounts Written-off Closed (Bad Debts)/Transferred CNC (Principal & Interest) - (Rev. 5, 08-30-02) A1-1923.9, A1-1943.9, B1-4923.9, B1-4943.9 The contractor enters the amount which it has written-off as a bad debt, or transferred to or from CNC. The contractor reports in lines: 6. a. Amounts Written-off Closed (Bad Debts)(Principal & Interest). The contractor enters the amount for which collection efforts have been abandoned. (This would include the remaining balance on accounts receivable after the bankruptcy court has ruled on bankruptcy, appeals, and other litigated cases). b. Transfers In from CNC (Principal & Interest). The contractor enters the amount re-established as active debt that was previously classified as CNC during the fiscal period. c. Transfers Out to CNC (Principal & Interest). The contractor enters the amount removed from the ending balance and reclassified as CNC during the fiscal period.