Question
Complete the requirements for each of the following independent cases: Case A. Dr Pepper Snapple Group, Inc., is a leading integrated brand owner, bottler, and
Complete the requirements for each of the following independent cases: Case A. Dr Pepper Snapple Group, Inc., is a leading integrated brand owner, bottler, and distributor of nonalcoholic beverages in the United States, Canada, and Mexico. Key brands include Dr. Pepper, Snapple, 7-UP, Motts juices, A&W root beer, Canada Dry ginger ale, Schweppes ginger ale, and Hawaiian Punch, among others. The following represents selected data from recent financial statements of Dr Pepper Snapple Group: DR PEPPER SNAPPLE GROUP, INC. Consolidated Balance Sheets (partial) (in millions) December 31, 2014 December 31, 2013 Assets Current assets: Cash and cash equivalents $ 213 $ 69 Accounts receivable (net of allowances of $13 and $20, respectively) 528 546 Consolidated Statements of Income (partial) For the Year Ended December 31 (In millions) 2014 2013 2012 Net sales $ 5,690 $ 5,566 $ 5,564 Net income $ 723 $ 644 $ 649 The company also reported bad debt expense of $6 million in 2014, $12 million in 2013, and $8 million in 2012. 1. Record the companys write-offs of uncollectible accounts for 2014. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
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