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E8-15 Determining the Effects of Uncollectible Accounts on the Receivables Turnover Ratio (LO 8-2, LO 8-4) The annual report for Sears Holdings Corporation contained the
E8-15 Determining the Effects of Uncollectible Accounts on the Receivables Turnover Ratio (LO 8-2, LO 8-4) The annual report for Sears Holdings Corporation contained the following information: 2016 in millions) Accounts Receivable Allowance for Doubtful Accounts Receivable, Net 2015 $455 counts 35 $420 430 Assume that accounts receivable write-offs amounted to $1 during 2016 and $9 during 2015 and that Sears did not record any recoveries Required: Complete the following table indicating the direction of the effect for increase. - for decrease, and NE for no effect) of each transaction during 2016
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