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6 EzScanner Corporation is the company that made the photocopier popular, but since then has grown a new business related to business process outsourcing. It
6 EzScanner Corporation is the company that made the photocopier 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. Allowance for Doubtful Accounts (dollars in millions ) 20 points Increases for Decreases for Write-0ffs S 29 Beginning Balance Bad Debt Expense Ending Balance Year 2015 2014 2013 $ 39 54 $104 94 106 $ 94 Skipped 143 76 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 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account. Print balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance References 2. Record summary journal entries for 2015 related to () estimating bad debt expense and (ii) writing off specific balances 4-a. If EzScanner had written off an additional $36 of accounts receivable during 2013, by how much would its Net Accounts 4-b. If EzScanner had written off an additional $36 of accounts receivable during 2013, by how much would its Income from 3. Supply the missing dollar amounts for a andb Receivable have decreased? Operations have decreased? Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B 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 (i.e., 10,000,000 should be entered as 10).) Allowance for Doubtful Accounts B. Bal eg End. Bal Req 1A Req 1B Complete this question by entering your answers in the tabs below Req 3 Req 1A Write the T-account in equation format to prove that the above items account for the changes in the account. (Enter your Beginning Balance+ Req 1B Req 2 Req 4A Req 4B Ending Balance Req 1A Req 2 Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B Record summary journal entries for 2015 related to (i) estimating bad debt expense and (i) writing off specific balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 2 Record the adjusting entry for bad debts for 2015 Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Req 1B Req 3 > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B Supply the missing information for 2014 and 2013, (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Additions Allowance for Doubtful Accounts Balance at Balance at End of Year Charged to Deductions Beginning of Year Bad Debt Expense From Allowance 106 $ 143 2014 54 94 2013 76 S 106 Req2 Req 4A> Complete this question by entering your answers in the tabs below. Req 2 Req 3 Req 4A Req 4B Req 1A Req 1B If EzScanner had written off an additional $36 of accounts receivable during 2013, by how much would its Net Accounts Receivable have decreased? $66 $36 O$69 $0 Req 3 Req 4B Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B If EzScanner had written off an additional $36 of accounts receivable during 2013, by how much would its Income from Operations have decreased? O$66 O$69 O$36 Req 4A Req 4B>
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