Question 2 ( dont worry about Req1A or Req2

PA8-2 Interpreting Disclosure of Allowance for Doubtful Accounts [LO 8-2] 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) Beginning Increases for Decreases for Year Ending Balance Bad Debt Expense write-offs 2016 Balance $ 8,800 $ 3,900 $ ? $ 1,180 7,500 4,50 3,560 2014 8,800 12,300 880 5,380 7,800 2015 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 (o) estimating Bad Debt Expense and (b) writing off specific customer account balances 3. Supply the missing information for 2016 4. If TravelToday had written off an additional S 28 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. Reg 1A Reg 16 Reg 2 Req3 Reg4 If TravelToday had written off an additional $28 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.) Not Receivables Not Income PA8-2 Interpreting Disclosure of Allowance for Doubtful Accounts [LO 8-2) 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) Beginning Increases for Decreases for Balance Bad Debt Expense write-offs $ 3,500 $ 3,90 $ 2 7,800 4,50e 3,500 12,380 see 5,300 Year 2016 2015 2014 $ Ending Balance 1,100 8,500 7,800 Required: 1-o. 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 (6) writing off specific customer account balances 3. Supply the missing Information for 2016 4. If TravelToday had written off an additional $28 of Accounts Recevable 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. Reg 4 RA LA Reg 1B Reg 3 Reg 2 Supply the missing information for 2016. (Enter your answers in thousands.) Write Offs Allowance for Doubtful Accounts Balance at Beginning of Year Additions Charged to Bad Debt Expense 3,900 Balance at End of Year 1.100 2016 8.800 Complete this question by entering your answers in the tabs below. Reg 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 ho in thousands.) Beginning Balance Ending Balance S 0