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Required information [The following information applies to the questions displayed below.] Trinity Brands recently disclosed the following: A summary of the Allowance for Doubtful Accounts
Required information [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 $ 95 151 76 Additions (Charges) to Expense $ ? 187 8 Write-Offs $ 20 ? 7 Balance at End of Period $ 151 76 77 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. Reg 2A Reg 2B Compute the missing dollar amounts for year 1. (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts 95 Beg. bal. 226 Bad debt expense Cash collections 20 301 End. bal. 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 301 Beg. bal. 187 Bad debt expense Cash collections 337 151 End. bal.
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