Accounting for Doubtful Accounts and Returns (FSET) John Wiley and Sons, Inc., publishes books, periodicals, software, and other digital content. Its April 30, 2020, balance sheet reported the following amounts for accounts receivable ($ thousands): April 30 2020 2019 Accounts receivable, net $309,384 $306,631 The company's income statement provided the following detail of operating income ($ thousands): Year Ended April 30 Revenue Costs and Expenses Cost of sales Operating and administrative expenses Impairment of goodwill and intangible assets Restructuring and related charges Amortization of intangibles Operating income (loss) 2020 2019 $1,831,483 $1,800,069 591,024 554,722 997,355 963,582 202,348 32,607 3,118 62,436 54,658 $(54,287) $223,989 The company normally charges operating and administrative expenses for estimated doubtful accounts. The company provided the following supplemental information concerning doubtful accounts and returns in its disclosure notes ($ thousands): Balance at Beginning of Period Charged to Expenses and Other Deductions from Reserves Balance at End of Period Year ended April 30, 2020 Allowance for sales returns Allowance for doubtful accounts Year ended April 30, 2019 Allowance for sales returns Allowance for doubtful accounts $18,542 14,307 $18,628 10,107 $48,829 5,470 $37,483 5,279 $47,729 1,442 $37,569 1,079 $19,642 18,335 $18,542 14,307 Net sales return reserves are reflected in the following accounts of the Consolidated Statements of Financial Position-increase (decrease): April 30 Increase in inventories, net Decrease in accrued royalties Increase in contract liabilities 2020 $8,686 $3,739 2019 (4,441) (3,653) 32,769 25,934 Print book sales return reserve net liability balance $(19,642)| $(18,542)| a. Prepare journal entries to record bad debts expense and accounts receivable write-offs for 2019 and 2020. Date Account 2019 Bad debts expense Allowance for doubtful accounts To record bad debt expense. Allowance for doubtful accounts Accounts receivable To record write-offs. 2020 Debit Credit 0 0 0 0 0 0 0 0 To record bad debt expense. 0 0 0 0 To record write-offs. b. Post the entries from part a to the Allowance for doubtful accounts T-account. Do not include begining balance. Note: Enter your answers, in transaction order, in the first open field of the appropriate column in each account. Allowance for doubtful accounts 0 0 0