1. Recreate the bad debt expense journal entry.

2. Calculate the write-off during the year:

Allowance for uncollectible accounts:

Balance, beginning of year
Add: Bad debt expense
Less: End of year balance
= Write-offs during the year

3. Recreate the write-off journal entry.

4. Show a T-account of the allowance account, including the beginning and ending balances.

5. What was beginning balance in A/R (accounts receivable gross)?

6. What was ending balance in A/R (gross)?

7. Recreate the sales revenue journal entry (in aggregate) assuming that all sales are on account.

8. Calculate Cash collections for the year.

Accounts receivable analysis:

Balance, beginning of year
Add: Credit sales
Less: Write-offs
Less: Balance, end of year
= Cash collections

9. Show the T-account for A/R (gross)

10. Show the journal entry (in aggregate) representing cash collections on account

Allowance3 due 0507, 1.7 points General Mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 1,430.1 $1,360.8 Income statement: Sales revenue $15,619.8 A note disclosed that the allowance for uncollectible accounts had a balance of $24.3 million and $29.6 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $16.6 million