The following information is taken from the 2014 annual report to shareholders of Hewlett-Packard (HP) Co.

	Year Ended
	2014	2013
Accounts receivable, net	$18,481 million	$16,537 million
Accounts receivable, gross	$19,006 million	$17,166 million
Bad debt expense	$156 million	$345 million

Answer the following, make sure to show computations:

What is the balance in HPs allowance for doubtful accounts at the end of the fiscal year 2014? Hint: $525

2013? Hint: $629

What was the amount of receivables written off during 2014? Hint: $260

Journalize the recording of bad debt expense for 2014:

Date	Accounts	Debit	Credit

Journalize the write-off of receivables for 2014:

Date	Accounts	Debit	Credit

Compute the allowance as a percentage of gross receivables for:

2014 Hint: .0276

2013 Hint: .0366