blems Callaway Golf Company sells on account to golf pro shops and general sporting goods retailers. In its financial statements for the year ended December 31, 2015. Callaway reported the following balances and changes in the Allowance for Doubtful Accounts in thousands) Balance at Charged to mounts Beat Beginning of Period Dad Debit te written of End of Period 54,800 5660 $1,240 54,220 Required: 1-a. Create a Taccount for the Allowance for Doubtful Accounts and enter into it the amounts from the above schedule. TIP: The allowance increases when estimates are charged to Bad Debt Expense and when recoveries are reported the allowance decreases when accounts are written off 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account 2. Record summary journal entries related to (a) estimating bad debt expense and write-offs of specific balances during the year 3-a. If Callaway had written off an additional $240 (thousands of accounts receivable during the period by how much would Net Receivables have decreased amounts are in thousands) 3-b. If Calaway had written off an additional $240 (thousand) of accounts receivable during the period, how much would Net Income have decreased amounts are in thousands) Complete this question by entering your answers in the tabs below. Me 1 Reg 16 Reg2 Red JA Reg Record summary journal entries related to (a) estimating bad debt expense and (b) write-offs of specific balances during the year entry is required for a transaction event, select "No Joumal Entry Required in the first account field Enter your answers in thousando) View transactions Journal entry worksheet 2 Record the adjusting entry for estimating bad debit expense Deneral Jumat Deba Credit Type here to search C