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I just need help calculating that last question Check my work 2 TravelToday, Inc..disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful
I just need help calculating that last question
Check my work 2 TravelToday, Inc..disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Allowance for Doubtful Accounts (dollars in thousands) 14.28 points Beginning Balance Increases for Bad Debt Expense Decreases for Write-offs Year 2016 2815 2814 Ending Balance $1,e8 8,680 ,600 $ 8,60e 7,686 12,180 3,886 4,400 7ee 3,488 5, 288 eBook Required: Print 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2014 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance 2. Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account 3. Supply the missing information for 2016. -b. Write the T-account in equation format to prove the above items account for the changes in the account balances 4. If TravelToday had written off an additional $26 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Req 4 If TravelToday had written off an additional $26 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? (Enter your answers in thousands.) Net Receivables Net Income Req 3 Req 4Step by Step Solution
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