Ch8 HW Q 2

Walker Hills Companies, disclosed the following rounded amounts (in millions) concerning the Allowance for Doubtful Accounts on its Form 10K annual report. Required: 1-a. 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 accotint for the changes in the account. 2. Record summary journal entries for 2017 related to (o) estimating Bad Debt Expense and (b) writing off specific customer account balances, 3. Supply the missing information for 2018 . 4. If Walker Hills Companies had written off an additional \$28 of Accounts Receivable during 2018, by how much would Net Recelvables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. 3. Supply the missing information for 2018. 4. If Walker Hills Companies had written off an additional $28 of Accounts Receivable during 2018 , by ho Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the abov balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. (Enter your ar millions.) 3. Supply the missing information for 2018 . 4. If Walker Hills Companies had written off an additional $28 of Accounts Receivable during 2018 , by how much woulc Recefvables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Write the T-account in equation format to prove the above items account for the changes in the account. (Enter your answer in millions.) 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 fleld. Enter your answers in millions.) Journal entry worksheet Record the adjusting entry in 2017 for bad debts. Note: Enter debits before credits. 3. Supply the missing information for 2018 . 4. If Walker Hills Companies had written off an additional $28 of Accounts Receivable during 2018 , by how much would Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Supply the missing information for 2018 . (Enter your answers in millions.) balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. balance at the beginning of each year in the Allowance for Doubtiul Accounts is a credit balance. 1.b. Write the T-account in equation format to prove the above items Bad Debt Expense and (b) writing off specific customer accoun balances 3. Supply the missing information for 2018. 4. If Walker Hils Companies had written off an additional $28 of Accounts Recelvable during 2018, by how much would Net Recelvables have decreased? How much would Net income have decreased? Complete this question by entering your answers in the tabs below. If Walker Hills Companies had written off an additional $28 of Accounts Recelvable during 2018 , by how much would Net Receivables have decreased? How much would Not income have decreased? (Enter your answers in millions)