Allowance3 due 0507, 1.7 points General Mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 1,430.1 $1,360.8 Income statement: Sales revenue $15.619.8 A note disclosed that the allowance for uncollectible accounts had a balance of $24.3 million and $29.6 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $16.6 million. 1. Recreate the bad debt expense journal entry. 2. Calculate the write-off during the year: Allowance for uncollectible accounts: Balance, beginning of year Add: Bad debt expense Less: End of year balance = Write-offs during the year 3. Recreate the write-off journal entry. 767 characters 4. Show a T-account of the allowance account, including the beginning and ending balances. 5. What was beginning balance in A/R (accounts receivable gross)? 6. What was ending balance in A/R (gross)? 7. Recreate the sales revenue journal entry (in aggregate) assuming that all sales are on account. 8. Calculate Cash collections for the year. Accounts receivable analysis: Balance, beginning of year Add: Credit sales Less: Write-offs Less: Balance, end of year =Cash collections 9. Show the T-account for A/R (gross) 10. Show the journal entry (in aggregate) representing cash collections on account 767 characters