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ScanMor Companies is the company that made the photocopier popular, but since then has grown a new business related to business process outsourcing. It

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ScanMor Companies is the company that made the photocopier popular, but since then has grown a new business related to business process outsourcing. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Allowance for Doubtful Accounts (dollars in millions) Year 2018 2017 2016 Beginning Balance $61 66 76 Required: Bad Debt Expense $16 18 b Write-Offs $ 19 a 27 Ending Balance $ 58 61 66 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2018 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account. 2. Record summary journal entries for 2018 related to (4) estimating bad debt expense and (i) writing off specific balances. 3. Supply the missing information for 2017 and 2016. 4. If ScanMor had written off an additional $22 (thousand) of accounts receivable during the period, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Req 4A Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2018 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Allowance for Doubtful Accounts Debit Credit Beginning Balance Ending Balance AsgTA 4 Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Req 4A Write the T-account in equation format to prove that the above items account for the changes in the account. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Beginning Balance Ending Balance Record summary journal entries for 2018 related to (1) estimating bad debt expense and (i) writing off specific balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (Le, 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 2 Record the adjusting entry for bad debts for 2018. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Record summary journal entries for 2018 related to () estimating bad debt expense and (i) writing off specific balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (ie. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet < 1 & Record the adjusting entry for write-off of specific customer balances for 2018. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Req 4A Supply the missing information for 2017 and 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Allowance for Balance at Balance at Doubtful Accounts Beginning of Year Bad Debt Expense Write-offs End of Year 2017 S 66 $ 18 $ 61 2016 76 27 66 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2 Req 3 Req 4A If ScanMor had written off an additional $22 of accounts receivable during 2016, by how much would its Net Accounts Receivable have decreased? How much would the write-off have decreased Income from Operations? Net Receivables Net Income

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