Question
E6-17 (Algo) Interpreting Bad Debt Disclosures LO6-2 Around the Block designs and markets Morel, Sparry, Wallaby, and Kidz shoes. Its products are sold through department
E6-17 (Algo) Interpreting Bad Debt Disclosures LO6-2
Around the Block designs and markets Morel, Sparry, Wallaby, and Kidz shoes. Its products are sold through department stores and specialty and Internet retailers. In a recent annual report, it disclosed the following information concerning its allowance for doubtful accounts (in millions):
Balance at Beginning of Period | Charged to Costs and Expenses | Amounts Written Off | Balance at End of Period |
---|---|---|---|
$ 19.2 | $ 19.1 | $ 22.1 | $ 16.2 |
Required:
1. Record summary journal entries related to the allowance for doubtful accounts for the current year.
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 rounded to 1 decimal place.
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