11.

The following information is taken from the 2013 annual report to shareholders of Hewlett-Packard (HP) Co.

	For Fiscal 2013			For Fiscal 2012
Provision for doubtful accounts	$	29	million	$	106	million
	At Fiscal Year-end 2013			At Fiscal Year-end 2012
Accounts receivable, net		15,906	million		16,437	million
Accounts receivable, gross		16,268	million		16,931	million

During Burns Company's first year of operations, credit sales totaled $152,000 and collections on credit sales totaled $111,000. Burns estimates that bad debt losses will be 1.5% of credit sales. By year-end, Burns had written off $360 of specific accounts as uncollectible.

Required:
1.	Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Record the entry to write-off specific accounts:

Transcation	GENERAL JOURNAL	DEBIT	CREDIT
1

Record the bad debt expense: ?

Transcation	GENERAL JOURNAL	DEBIT	CREDIT
2

2.	Show the year-end balance sheet presentation for accounts receivable.

Partial Balance Sheet