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please explain how to do this. thank you! 5 art 1 of 2 5 ints Required information (The following information applies to the questions displayed
please explain how to do this. thank you!
5 art 1 of 2 5 ints Required information (The following information applies to the questions displayed below) Trinity Brands recently disclosed the following: A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousandsk Allowance Balance Additions Balance for at (Charges) at Doubtful Beginning to Write- End of Accounts of Period Expense offs Period Year 1 $ 94 $ 7 $ 6 $ 159 Year 2 159 181 2 76 Year 3 76 17 14 79 eBook Print eference Required: 1. Record summary journal entries related to bad debts for Year 3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet 1 > Record the end-of-period bad debt expense estimate. Note: Enter debits before credits. Debit Credit Transaction General Journal A Bad debt expense Allowance for doubtful accounts Record entry View general journal Clear entry of 2 Required information (The following information applies to the questions displayed below) Trinity Brands recently disclosed the following: A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousands) Allowance Balance Additions Balance for at (Charges) at Doubtful Beginning to Write- End of Accounts of Period Expense Offs Period Year 1 $ 94 $ 2 $ 6 $ 159 Year 2 159 181 7 76 Year 3 76 17 14 79 ok Int rence Required: 1. Record summary journal entries related to bad debts for Year 3. (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet Record the write-off of bad debts. Debit Credit Note: Enter debits before credits Transaction General Journal B Allowance for doubtful accounts Accounts receivable Record entry View general journal Clear entry Step by Step Solution
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