1-a through 4-b

Xerox Corporation is the company that made the photocopler popular, but since then has grown a new business related to business process outsourcing. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K annual report Year 2015 2014 2013 Allowance for Doubtful Accounts (dollars in millions) Increases for Decreases for Beginning Balance Bad Debt Expense Write-offs S88 $ 3e $38 112 17 108 33 Ending Balance $ 80 88 112 Required: 1-a. Create a T-account for the Allowance for Doubtful Accounts and enter into it the 2015 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. 1-b. Write the T-account in equation format to prove that the above Items account for the changes in the account. 2. Record summary Journal entries for 2015 related to (1) estimating bad debt expense and (1) writing off specific balances. 3. Supply the missing dollar amounts for a and b. 4-a. If Xerox had written off an additional $20 of accounts receivable during 2013. by how much would its Net Accounts Receivable have decreased? 4-6. If Xerox had written off an additional $20 of accounts receivable during 2013, by how much would its Income from Operations have decreased? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 3 Reg 4A Reg 40 Create a T-account for the Allowance for Doubtful Accounts and enter into it the 2015 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. (Enter your answers in millions (ie. 10,000,000 should be entered as 10).) Allowance for Doubtful Accounts 38 Beg Bal White-Offs Bad Debt Expenses End Bal 38 80 BO Reg 10 >