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please help asap Travel Today, Inc., disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report
please help asap
Travel Today, 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) Beginning Increases for Decreases for Balance Bad Debt Expense Write-Offs $ 9,900 $ 4,450 $ ? 8,900 5,050 4,050 13,400 1,350 5,850 Year 2016 2015 2014 $ Ending Balance 1,650 9,900 8,900 Required: 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. 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 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances 3. Supply the missing information for 2016, 4. If Travel Today had written off an additional $39 of Accounts Receivable during 2016, by www much would Net Receivables have decreased? How much would Net Income have decreased? 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 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. (Enter your answers in thousands.) Allowance for Doubtful Accounts Beg Bal End. Bal Red Req 18 > 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 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer balances 3. Supply the missing information for 2016. 4. If TravelToday had written off an additional $39 of Accounts Receivable during 2016, by how much would Net Receivables decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 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 thousands.) Beginning Balance Ending Balance Heq 1 Nog 10 H2 Nega Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (6) writing off spedfic customer account balances. (If no entry is required for a transaction/event, select "No Soumalinti Iequired in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet 1 2 Record the adjusting entry in 2015 for bad debts. Note Enter debits before credits General Joumal Credit Transaction a econdo Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 3 Reg 4 Supply the missing information for 2016. (Enter your answers in thousands.) Allowance for Doubtful Accounts Balance at Beginning of Year Write Offs Additions Charged to Bad Debt Expense 4,450 Balance at End of Year 2016 9,900 1,650 2. Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer aco balances 3. Supply the missing information for 2016, 4. If TravelToday had written off an additional $39 of Accounts Receivable during 2016, by how much would Net Receivablesh decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 2 Reg 3 Reg 4 If TravelToday had written off an additional $39 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 Step by Step Solution
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