TravelToday, 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 Increases for Decreases for Ending Year Balance Bad Debt Expense Write-Offs Balance 2016 $ 9,500 $ 4,250 $ ? $ 1,450 2015 8,500 4,850 3,850 9,500 2014 13,000 1,150 5,650 8,500

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 (a) estimating Bad Debt Expense and (b) writing off specific customer account balances.

3. Supply the missing information for 2016.

4. If TravelToday had written off an additional $35 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? 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.) Write the T-account in equation format to prove the above items account for the changes in the account. (Enter your answers in thousands.) 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.) Supply the missing information for 2016. (Enter your answers in thousands.) Allowance for Doubtful Accounts Balance at Beginning of Year Additions Charged to Bad Debt Expense Write Offs Balance at End of Year 2016 9,500 4,250 = 1,450 If TravelToday had written off an additional $35 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.)

mework Assignment Soved Travel Today, Inc., disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 70 K annual report Year 2016 2015 2014 Allowance for Doubtful Accounts (dollars in thousands Beginning Increases for Decreases for Balance Bad Debt Expense Write-Offs $ 9,500 $ 4,250 $ 2 8,500 4,850 3,850 13,000 1,150 5,650 $ Ending Balance 1,450 9,569 8,500 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 I-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 (a) estimating Bad Debt Expense and (b) writing off specific customer account balances, 3. Supply the missing information for 2016. 4. If Travelloday had written off an additional $35 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. ch O B 1 w