Callaway Golf Company sells on account to golf pro shops and general sporting goods retailers to 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 Dard to Mount Balance at Beginning of Period Bad Debtiene written of End of Period $4.500 16 31,240 Required: 1-a. Create a T-account 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 account in equation format to prove that the above items account for the changes in the account 2. Record summary journal entries related to al estimating bad debt expense and (b) write-offs of specific balances during the year 3-a. 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) 3-5. Callaway had written off an additional $240 (thousands 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. Rete Reg 2 Reas Req Create account 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 Debit Expense and when recoveries are reported. The allowance decreases when accounts are written oft (Enter your answers in thousands. The balance at the beginning of the year in the wance for Dout Accounts is a credit balance A for Doubtful Account 3800 000 End 4220 Reg 10 > Type here to search C