General Mills reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net Income statement: $ 1.430.1 $1,360.8 Sales revenue $15,619.8 A note disclosed that the allowance for uncollectible accounts had a balance of $24.3 million and $29.6 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $16.6 million. 1. Recreate the bad debt expense journal entry. 2. Calculate the write-off during the year: Allowance for uncollectible accounts: Balance, beginning of year Add: Bad debt expense Less: End of year balance Write-offs during the year 3. Recreate the write-off journal entry. 4. Show a T-account of the allowance account, including the beginning and ending balances. 5. What was beginning balance in A/R (accounts receivable gross)? 6. What was ending balance in A/R (gross)? 7. Recreate the sales revenue journal entry (in aggregate) assuming that all sales are on account. 7. Recreate the sales revenue journal entry (in aggregate) assuming that all sales are on account. 8. Calculate Cash collections for the year. Accounts receivable analysis: Balance, beginning of year Add: Credit sales Less: Write-offs Less: Balance, end of year = Cash collections 9. Show the T-account for A/R (gross) 10. Show the journal entry (in aggregate) representing cash collections on account