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Hi, I keep getting the above answers incorrect. In addition, I have not put all the needed information and am not sure what I am
Hi, I keep getting the above answers incorrect. In addition, I have not put all the needed information and am not sure what I am missing. If someone could please explain how to do this I would be very grateful!
[The following information applies to the questions displayed below.) Peet's Coffee & Tea, Inc., is a specialty coffee roaster and marketer of branded fresh-roasted whole bean coffee. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K Annual Report submitted to the Securities and Exchange Commission. A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousands): Allowance for Doubtful Accounts Year 1 Year 2 Year 3 Balance at Beginning of Period $ 128 132 283 Additions (Charges) to Expense $ 187 42 Write-Offs $ 0 Balance at End of Period $ 132 283 124 201 2-a. Compute the missing dollar amounts for year 1. (Enter your answers in thousands not in dollars.) Answer is not complete. Allowance for DA Year 1 128 Beg. bal. Write-offs Bad debt expense End. bal. 132 X 260 2-b. Compute the missing dollar amounts for year 2. (Enter your answers in thousands not in dollars.) > Answer is not complete. Allowance for DA Year 2 132 Beg. bal. Cash collections 187 X End. bal. 319Step by Step Solution
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