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There are 4 required section in this question Required 1B Required 2 Required 2B required 3 required 4 avelToday, Inc., disclosed the following rounded amounts
There are 4 required section in this question
Required 1B
Required 2
Required 2B
required 3
required 4
avelToday, Inc., disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its For -K annual report Allowance for Doubtful Accounts (dollars in thousands) Beginning Increases for Decreases for Balance Bad Debt Expense Write-offs $ 9,400 $ 4.200 $ 2 8,400 4,880 3,800 12,900 1,100 5,600 Year 2016 2015 2014 $ Ending Balance 1,400 9,400 8,400 Required: 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2014 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 the above items account for the changes in the account. 2. Record summary Journal entries for 2015 related to (o) estimating Bad Debt Expense and (6) writing off specific customer account balances. 3. Supply the missing Information for 2016. 4. TravelToday had written off an additional $34 of Accounts Receivable during 2016, 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. Reg 1A Red 1B Reg Reg 4 Reg 2 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Req3 Req 4 Write the T-account in equation format to prove the above items account for the changes in the in thousands.) Beginning Balance + Ending Balance $ 0 2 > Record the adjusting entry in 2015 for bad debts. Note: Enter debits before credits. Transaction General Journal Debit Credit a Racord entry Clear entry View general journal nsaction list rnal entry worksheet 2 cecord the adjusting entry in 2015 for the write-off of specific customer balances. ole: Enter debits before credits Transaction General Journal Debit Credit Record entry Clean View general journal S Play 2 of 8 O Supply the missing information for 2016. (Enter your answers in thousands.) Allowance for Doubtful Accounts Balance at Beginning of Year Write Offs Additions Charged to Bad Debt Expense 4.200 Balance at End of Year 2016 9.400 1.400 Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 2 Req3 Req 4 If TravelToday had written off an additional $34 of Accounts Receivable during 2016, by how have decreased? How much would Net Income have decreased? (Enter your answers in thou Net Receivables Net Income Step by Step Solution
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