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Required Information [The following information applies to the questions displayed below.] General Mills, Incorporated, is a leading global manufacturer and marketer of branded consumer foods
Required Information [The following information applies to the questions displayed below.] General Mills, Incorporated, is a leading global manufacturer and marketer of branded consumer foods sold through retail stores. 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 millions): Year 1 Year 2 Year 3 Balance at Beginning of year $ 24.3 28.4 28.8 Additions (Charges) to Expense $ ? Write-Offs $ 22.6 23.9 ? 25.9 21.5 Balance at End of year $ 28.4 28.8 33.2 Required: 1. Record summary journal entries related to bad debts for Year 3. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. Enter your answers In millions. View transaction list 1 Record the entry for the end-of-period bad debt expense estimate. 2 Record the entry for the write-off of bad debts. journal entry has been entered Note : Record entry Credit Clear entry View general journal
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