PDQ Bookings Corporation, disclosed the following rounded amounts (in millions) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Year 2018 2017 2016 Allowance for Doubtful Accounts (dollars in millions) Increases for Bad Decreases for Beginning Balance Debt Expense Write-offs $ 44 $ 32 $? 38 33 27 40 22 Ending Balance $ 47 44 38 24 Required: 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. 1-b. Write the T-account in equation format to prove the above items account for the changes in the account. 2. Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. 3. Supply the missing information for 2018. 4. If PDQ Bookings Corporation had written off an additional $33 of Accounts Receivable during 2018, 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. Reg 1A Reg 1B Reg 2 Req3 Req 4 Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. (Enter your answers in millions.) Allowance for Doubtful Accounts Credit Debit Beginning Balance Ending Balance PDQ Bookings Corporation, disclosed the following rounded amounts (in millions) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Allowance for Doubtful Accounts (dollars in millions) Increases for Bad Decreases for Beginning Balance Debt Expense Write-offs $ 44 $ 32 $? 38 33 27 40 22 24 Year 2018 2017 2016 Ending Balance $ 47 44 38 Required: 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. 1-b. Write the T-account in equation format to prove the above items account for the changes in the account. 2. Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. 3. Supply the missing information for 2018. 4. If PDQ Bookings Corporation had written off an additional $33 of Accounts Receivable during 2018, 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 Reg 1B Reg 2 Reg 3 Reg 4 Write the T-account in equation format to prove the above items account for the changes in the account. (Enter your answers in millions.) Beginning Balance - Ending Balance $ 0 - Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Req3 Req 4 Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the adjusting entry in 2017 for bad debts. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 3 Req 4 Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (6) writing off specific customer account balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the adjusting entry in 2017 for the write-off of specific customer balances. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal PDQ Bookings Corporation, disclosed the following rounded amounts (in millions) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Year 2018 2017 2016 Allowance for Doubtful Accounts (dollars in millions) Increases for Bad Decreases for Beginning Balance Debt Expense Write-offs $ 44 $ 32 38 33 27 40 22 24 Ending Balance $ 47 44 38 Required: 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. 1-b. Write the T-account in equation format to prove the above items account for the changes in the account. 2. Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. 3. Supply the missing information for 2018. 4. If PDQ Bookings Corporation had written off an additional $33 of Accounts Receivable during 2018, 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. Reg 1A Reg 1B Reg 2 Req3 Reg 4 Supply the missing information for 2018. (Enter your answers in millions.) Allowance for Doubtful Accounts Balance at Beginning of Year Write Offs Additions Charged to Bad Debt Expense $ 32 Balance at End of Year 2018 $ 44 = $ 47 PDQ Bookings Corporation, disclosed the following rounded amounts (in millions) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Year 2018 2017 2016 Allowance for Doubtful Accounts (dollars in millions) Increases for Bad Decreases for Beginning Balance Debt Expense Write-offs $ 44 $ 32 38 33 27 40 22 24 Ending Balance $ 47 44 38 Required: 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2016 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. 1-b. Write the T-account in equation format to prove the above items account for the changes in the account. 2. Record summary journal entries for 2017 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. 3. Supply the missing information for 2018. 4. If PDQ Bookings Corporation had written off an additional $33 of Accounts Receivable during 2018, 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. Reg 1A Reg 1B Reg 2 Reg 3 Reg 4 If PDQ Bookings Corporation had written off an additional $33 of Accounts Receivable during 2018, by how much would Net Receivables have decreased? How much would Net Income have decreased? (Enter your answers in millions.) Net Receivables Net Income