Before you begin this assignment, it will be helpful if you review Sears Sears Holdings Corporation's 2015 2015 annual report (https://searsholdings.com/docs/investor/SHC_2015_Form_10-K.pdf ). Sears Sears Holdings Corporation is the parent company of Kmart Holding Corporation and Sears Sears , Roebuck and Co. The corporation operates more than 1,600 retail stores in the United States and offers online shopping through both sears.com and kmart.com. Read the requirements LOADING... . Requirement 1. On which financial statement would you find Accounts Receivable? Accounts Receivable can be found on the consolidated balance sheets . Requirement 2. What was the amount of Accounts Receivable as of January 30, 2016 2016 ? As of January 31, 2015 2015 ? (Enter the amounts in millions as shown in the financial statements.) (millions) January 30, January 31, 2016 2015 Accounts receivable $ 419 $ 429 Requirement 3. Review the notes to the financial statements and read the note labeled Allowance for Doubtful Accounts in Note 1 dash Summary of Significant Accounting Policies. What was the amount of Allowance for Doubtful Accounts as of January 30, 2016 2016 ? As of January 31, 2015 2015 ? (Enter the amounts in millions as shown in the notes to the financial statements.) (millions) January 30, January 31, 2016 2015 Allowance for doubtful accounts $ 34 $ 25 Requirement 4. Using the information from Requirements 2 and 3, determine the gross amount of Accounts Receivable as of January 30, 2016 2016. As of January 31, 2015 2015. (Enter the amounts in millions.) (millions) January 30, January 31, 2016 2015 Gross accounts receivable $ 453 $ 454 Requirement 5. Find Schedule II long dash Valuation and Qualifying Accounts included in the notes to the financial statements. Prepare a T-account that details the changes in the Allowance for Doubtful Accounts account for 2015 2015. What would additions charged to costs and expenses represent? What would deductions from the account represent? Start by completing the T-account below to show the change in Sears Sears Holding Corporation's Allowance for Doubtful Accounts account for the year ending January 30, 2016 2016. Enter the opening balance on the first line and use the second line to show any additions to or subtractions from the Allowance for Doubtful Accounts account during the year. Show the ending balance on the last line of the T-account. Use descriptions as posting references for each amount entered. (Enter amounts in millions as provided in the information.) Allowance for Doubtful Accounts Choose from any list or enter any number in the input fields and then click Check Answer.

Before you begin this assignment, it wiW be helpful if you review Sears Hoidings s 2015 annuai report searsholdings.com/docs/investor SHC Sears Holdings Corporation is the parent company of Kmart Holding Corporation and Sears, Roebuck and Co. The corporation operates more than 1,600 retail stores in the United States and offers online shopping through both sears.com and kmart.com. Read the requirements. 2016 2015 Allowance for doubtful accounts 34 S 25 Requirement 4. Using the information from Requirements 2 and 3, determine the gross amount of Accounts Receivable as of January 30, 2016. As of January 31, 2015. (Enter the amounts in millions.) millions) January 30, January 31 2016 2015 Gross accounts receivable 453 S 454 Requirement 5. Find Schedule lValuation and Qualifying Accounts included in the notes to the financial statements. Prepare a T-account that details the changes in the Allowance for Doubtful Accounts account for 2015. What would additions charged to costs and expenses represent? What would deductions from the account represent? Start by completing the T-account below to show the change in Sears Holding Corporation's Allowance for Doubtful Accounts account for the year ending Janusry 30, 2016. Enter the opening balance on the first line and use the second line to show any additions to or subtractions from the Allowance for Doubtful Accounts account during the year. Show the ending balance on the last line of the T-account Use descriptions as posting references for each amount entered. (Enter amounts in millions as provided in the information.) Allowance for Doubtful Accounts Choose from any list or enter any number in the input fields and then click Check Answer Before you begin this assignment, it wiW be helpful if you review Sears Hoidings s 2015 annuai report searsholdings.com/docs/investor SHC Sears Holdings Corporation is the parent company of Kmart Holding Corporation and Sears, Roebuck and Co. The corporation operates more than 1,600 retail stores in the United States and offers online shopping through both sears.com and kmart.com. Read the requirements. 2016 2015 Allowance for doubtful accounts 34 S 25 Requirement 4. Using the information from Requirements 2 and 3, determine the gross amount of Accounts Receivable as of January 30, 2016. As of January 31, 2015. (Enter the amounts in millions.) millions) January 30, January 31 2016 2015 Gross accounts receivable 453 S 454 Requirement 5. Find Schedule lValuation and Qualifying Accounts included in the notes to the financial statements. Prepare a T-account that details the changes in the Allowance for Doubtful Accounts account for 2015. What would additions charged to costs and expenses represent? What would deductions from the account represent? Start by completing the T-account below to show the change in Sears Holding Corporation's Allowance for Doubtful Accounts account for the year ending Janusry 30, 2016. Enter the opening balance on the first line and use the second line to show any additions to or subtractions from the Allowance for Doubtful Accounts account during the year. Show the ending balance on the last line of the T-account Use descriptions as posting references for each amount entered. (Enter amounts in millions as provided in the information.) Allowance for Doubtful Accounts Choose from any list or enter any number in the input fields and then click Check