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BFF Travels, disclosed the following rounded amounts fin millions) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report Year 2018 2017 2016

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BFF Travels, disclosed the following rounded amounts fin millions) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report Year 2018 2017 2016 Allowance for Doubtful Accounts (dollars in millions) Increases for Bad Beginning Balance Decreases for Debt Expense $.46 Write-offs $ 34 40 $ 35 20 42 24 26 Ending Balance $ 49 46 40 Required: 1-0. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 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 the above items account for the changes in the account 2. Record summary Journal entries for 2017 related to (o) estimating Bad Debt Expense and (6) writing off specific customer account balances 3. Supply the missing information for 2018 4. BFF Travels had written off an additional $35 of Accounts Receivable during 2018, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Reg 3 Reg 4 Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 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 millons.) Allowance for Doubtful Accounts Debit Credit Beginning Balance Ending Balance 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the above schedule T 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 the above items account for the changes in the account 2. Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer acco balances 3. Supply the missing information for 2018. 4. If BFF Travels had written off an additional $35 of Accounts Receivable during 2018, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Reg 2 Reg 3 Reg 4 Write the T-account in equation format to prove the above items account for the changes in the account. (Enter your answers in millions.) Beginning Balance Ending Balance 0 Record summary Journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet 2 Record the adjusting entry in 2017 for bad debts. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet 1 2 Record the adjusting entry in 2017 for the write-off of specific customer balances. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 1-0. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 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 the above items account for the changes in the account 2. Record summary Journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances 3. Supply the missing information for 2018 4. If BFF Travels had written off an additional $35 of Accounts Receivable during 2018, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below Reg 1A Reg 16 Reg 2 Reg 3 Req4 Supply the missing Information for 2016. (Enter your answers in millions Allowance for Doubtful Accounts 2018 Balance at Beginning of Year Wiite Ols Additions Charged to Bad Debt Expense 34 Balance at End of Year $ 46 49 1-o. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 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 the above items account for the changes in the account 2. Record summary Journal entries for 2017 related to (al estimating Bad Debt Expense and (b) writing off specific customer account balances 3. Supply the missing information for 2018 4. If BFF Travels had written off an additional $35 of Accounts Receivable during 2018, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2 Req3 Reg 4 If BFF Travels had written off an additional $35 of Accounts Receivable during 2018, by how much would Net Receivable shave decreased? How much would Net Income have decreased? (Enter your answers in millions.) Net Receivables Net Income

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