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TravelToday, disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report SCHEDULE IH Valuation and Qualifying

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TravelToday, disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report SCHEDULE IH Valuation and Qualifying Accounts (dollars in thousands) Additions Charged to Bad Debt Expense $ 4,150 Allowance for Doubtful Accounts 2012 Balance at Balance at End of Year $12,100 9,300 8,300 Beginning of Year $ 9,300 8,300 12,800 Write-Offs $1,350 3,750 2011 4,750 1,050 2010 Required: 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2011 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.) Allowance for Doubtful Accounts Beg. Bal. End. Bal. 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account (Enter your answers in thousands.) Beginning Balance Ending Balance 2. Record summary journal entries for 2012 related to (a) estimating Bad Debt Expense and (b) 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 thousands.) View transaction list Journal entry worksheet 2 Record the adjusting entry in 2012 for bad debts. Note: Enter debits before credits. Debit Credit General Journal Transaction Record entry Clear entry View general journal 3. Supply the missing information for 2010. (Enter your answers in thousands.) Additions Charged to Bad Debt Expense Allowance for Doubtful Accounts Balance at Beginning of Year Balance at End of Year Write-Offs 2010 12.800 1.050 a.300 Addiions Charged to Bad Debt Bilance a End of Year alarce at Beginning of Year Allowance for Doubtful Accounts Write-Offs Expense 8,300 1,050 12,800 2010 4. If TravelToday had written off an additional $33 of Accounts Receivable during 2010, by how much would Net Receivables have decreased?? How much would Net Income have decreased? (Enter your answers in thousands.) Net receivables Net Income

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