80 6 4.32 pints Saved PB8-2 (Algo) Interpreting Disclosure of Allowance for Doubtful Accounts [LO 8-2] Help Save & Exit Submit CopyThis 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) Increases for Bad Debt Expense $ 26 28 b eBook Year Print 2018 2017 2016 Beginning Balance $71 76 86 References Required: Decreases for Write-Offs $29 Ending Balance $68 a 37 71 76 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2018 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 2018 related to ( estimating bad debt expense and (i) writing off specific balances. 3. Supply the missing information for 2017 and 2016. 4. If CopyThis had written off an additional $32 (thousand) of accounts receivable during the period, by how much would Net Receivables have decreased? How much would Net Income have decreased? 6 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Req 4A Help Save & Exit Sub eBook Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2018 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).) 14.32 points Allowance for Doubtful Accounts Print References Debit Credit Beginning Balance Ending Balance Req 18 > A 6 4. Copyis Hau White Un Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. 14.32 points Req 1A Req 18 Req 2 Reg 3 Req 4A Write the T-account in equation format to prove that the above items account for the changes in the account. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) eBook) Print References Beginning Balance = Ending Balance Prey 6 of 7 Next > 6. Journal entry worksheet