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Required information P6-2 (Static) 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 (Static) Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts LO6-2 [The following information applies to the questions displayed below] Dunkin Brands is a specialty coffee roaster and marketer of branded fresh-roasted whole bean coffee and a wide variety of donuts and pastries. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K Annual Report submitted to the Securities and Exchange Commission A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousands) Allowance Accounts Balance at End of for Doubtful Balance at Beginning Additions (Charges) of Period to Expense Write-Offs Period Year 1 $ 2,599 $ ? $ 513 $ 3,882 Year 2 Year 3 3,882 5,627 3,705 1,202 5,627 2,051 4,778 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.) View transaction list Journal entry worksheet
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