A.T. Cross, maker of fine pens and sunglasses (Costa), discloses the above activity in its allowance for doubtful accounts for the past three years (above table). Note that Deductions is another word for write-offs. The journal entries that A.T. Cross made to record the activity for the fiscal year ended December 29, 2012 :

Answers:

A.

decreased net income by $181

B.

increased net income by $181

C.

decreased net income by $206

CorrectD.

increased net income by $206

E.

decreased net income by $387

F.

increased net income by $387

Status: YEARS ENDE Allowance for Doubtful Acconts-Beginning of Year $ 1,820 (206) 131 1,069 $ 68 1,129 139 (19) (Credited) charged to bad debt expense Deckactions Allowance for Doubtful Acconts-End of Year AT. Cross, maker of fine pens and sunglasses (Costa), discloses the above activity in its allowance for doubtful accounts for the past three years (above table). Note that "Deductions" is another word for write-offs. The journal entries that A.T. Cross made to record the activity for the fiscal 63S1,820 S1,09 1,020 S 1,069 O A decreased net income by $181 O B. increased net income by $181 O & decreased net income by $20 O D. increased net income by $206 O E. decreased net income by $387 O F. increased net income by $387