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Required information P6-2 (Algo) Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts LO6-2 [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 LO6-2 [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 $ 107 154 67 Additions (Charges) to Expense Write-offs ? $ 1 188 ? 15 15 Balance at End of Period $ 154 67 67 Complete this question by entering your answers in the tabs below. Req 2A Req 2B Compute the missing dollar amounts for year 1. (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts Beg. bal. 0 Bad debt expense Re Cash collections Net sales Write-offs P6-2 Part 2 2-a. Compute the missing dollar amounts for year 1. 2-b. Compute the missing dollar amounts for year 2. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Compute the missing dollar amounts for year 2. (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts Beg. bal. 0 Bad debt expense
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