Flores & Diaz Sporting Goods sells on account to golf pro shops and general sporting goods retailers. In its financial statements for the year ended December 31, 2018, Flores & Diaz reported the following balances and changes in the Allowance for Doubtful Accounts (in thousands): Balance at Charged to Bad Debt Beginning of Period Expense $ 4,500 $ 690 Amounts Written off $ 1,210 Balance at Enc Period $ 3,980 ok ht Required: nces 1-a. Create a T-account for the Allowance for Doubtful Accounts and enter into it the amounts from the above schedule. TIP: The allowance increases when estimates are charged to Bad Debt Expense and when recoveries are reported. The allowance decreases when accounts are written off. 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account. 2. Record summary journal entries related to (a) estimating bad debt expense and (b) write-offs of specific balances during the year. 3. If Flores & Diaz had written off an additional $210 (thousand) of accounts receivable during the period, by how much would Net Receivables have decreased? How much would Net Income have decreased? Create a T-account for the Allowance for Doubtful Accounts and enter into it the amoun allowance increases when estimates are charged to Bad Debt Expense and when recove decreases when accounts are written off. (Enter your answers in thousands. The balanc Allowance for Doubtful Accounts is a credit balance.) Allowance for Doubtful Accounts Credit Debit Beginning Balance + Ending Balance Reg 1A Req 1B Req 2 Req3 Write the T-account in equation format to prove that the above items account for the ch answers in thousands.) Beginning Balance Ending Balai 1 - 1 2 Record the adjusting entry for estimating bad debt expense. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet If Flores & Diaz had written off an additional $1210 (thousand) of Net Receivables have decreased? How much would Net Income Net Receivables Net Income