Dr$.$ Popper, is a leading worldwide integrated brand owner, bottler, and distributor of non$-$alcoholic beverages.

The following represents selected data from recent financial statements of Dr$.$ Popper $($dollars in millions$)$:

Source: Dr$.$ Popper

The company also reported bad debt expense of $$7$ million in $203,$$$13$ million in $202$ and $$9$ million in $201.$

Requlred:

Record the company's write$-$offs of uncollectible accounts for $203.$

Assuming all sales were on credit, what amount of cash did Dr$.$ Popper collect from customers in $20$x$3?$

Compute the company's net profit margin for the three years presented.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $3$

Record the company's write$-$offs of uncollectible accounts for $203.$

Note: 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 $10).$

Case B

Samuda Enterprises uses the aging approach to estimate bad debt expense. At the end of the current year, Samuda reported a

balance in accounts receivable of $$630,000$ and estimated that $$13,200$ of its accounts receivable would likely be uncollectible. The

allowance for doubtful accounts has a $$1,400$ debit balance at year$-$end $($i$.$e$.,$ more was written off during the year than the balance in

the account$).$

Requlred:

What amount of bad debt expense should be recorded for the current year?

What amount will be reported on the current year's balance sheet for accounts receivable?

Case C

At the end of the current year, the unadjusted trial balance of Branco, Incorporated, indicated $$5,839,000$ in Accounts Receivable, a

credit balance of $$10,100$ in Allowance for Doubtful Accounts, and Sales Revenue $($all on credit$)$ of $$160,350,000.$ Based on knowledge

that the current economy is in distress, Branco increased its bad debt rate estimate to $0\mathrm{.}3$ percent of credit sales.

Requlred:

What amount of bad debt expense should be recorded for the current year?

What amount will be reported on the current year's balance sheet for accounts receivable?

Bad debt expense of current year

Accounts receivable of current year