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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): Balance at Beginning Additions Balance at End of (Charges) Year 1 Year 2 Year 3 of year $ 24.3 to Expense $ ? Write-Offs $ 22.6 28.4 28.8 23.9 25.9 ? 21.5 year $ 28.4 28.8 33.2 2-a. Using the following T-account for Allowance for Doubtful Accounts, compute the missing dollar amounts for year 1. 2-b. Using the following T-account for Allowance for Doubtful Accounts, compute the missing dollar amounts for year 2. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Using the following T-account for Allowance for Doubtful Accounts, compute the missing dollar amounts for year 1. Note: Enter your answers in millions not in dollars. Allowance for Doubtful Accounts Beginning Balance 0.0 Ending Balance < Req 2A Req 2B >
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