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Required information P6-2 (Algo) Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts L06-2 (The following information applies to the questions displayed below.)
Required information P6-2 (Algo) Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts L06-2 (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 for Doubtful Accounts Year 1 Year 2 Year 3 Balance at Beginning of Period $ 94 147 67 Additions (Charges) to Expense $ ? 186 10 Write-offs $ 8 ? 19 Balance at End of Period $ 147 67 58 P6-2 Part 1 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.) Journal entry worksheet 2 > Record the end-of-period bad debt expense estimate. Note: Enter debits before credits. General Journal Debit Credit Transaction A Journal entry worksheet 1 N Record the write-off of bad debts. Note: Enter debits before credits. Transaction B General Journal Debit Credit
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