Travel Today, Inc., disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Allowance for Doubtful Accounts (dollars in thousands) Beginning Balance Increases for Year 2016 2015 2014 Decreases for Write-offs 3,550 Ending Balance $1,150 8,900 7,900 Bad Debt Expense $ 8,900 7,900 12,400 3,950 4,550 850 5,350 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 1-b. Write the T-account in equation format to prove the above items account for the changes in the account. balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance 2. Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account 3. Supply the missing information for 2016 balances. 4. If TravelToday had written off an additional $29 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 Req 1A eq 1B 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. (Enter your answers in thousands.) Allo This is a numeric cell, so please enter numbers only Beg. Bal End. Bal Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4 Write the T-account in equation format to prove the above items account for the changes in the account. (Enter your answers in thousands.) Beginning Balance +Bad Debt Expense- Write-OffsEnding Balance 7,900 4,550 3.5501 = 8,900 K Req 1A Req 2 Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 2 Req 3 Req 4 Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in thousands.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Bad Debt Expense 4,550 Allowance for Doubtful Accounts 4,550 Allowance for Doubtful Accounts 3,550 Accounts Receivable 3,550 K Req 1B Req 3> Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4 Supply the missing information for 2016. (Enter your answers in thousands.) Additions Charged to Bad Debt Expense Allowance for Balance at Balance at End of Year Write Offs DoubtfulBeginning of Accounts Year 2016 8,900 3,950 1,150 Req Req 4 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4 If TravelToday had written off an additional $29 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? (Enter your answers in thousands.) Net Receivables Net Income K Req 3 Req 4>