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 Balance Bad Debt Expense Write-offs $ 9,800 $ 4,4ee $ ? 8,800 5.ee 4,000 13,309 1,30 5,800 Year 2016 2015 2014 $ Ending Balance 1,6ee 9,800 8,880 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 (@) estimating Bad Debt Expense and (6) writing off specific customer account balances 3. Supply the missing Information for 2016. 4. If TravelToday had written off an additional $38 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $70,000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 Prepare the journal entry CSM will make when the note is established, accrue Interest on June 30 and December 31, and the Interest and principal payments on February 28, 2019. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations. Round your final answers to whole dollar amount.) View transaction list Journal entry worksheet 3 2 3 4 4 5 Record the receipt of a note on February 28, 2018 for a $70,000 loan to an employee Note: Enter debits before credits Journal entry worksheet Record the interest accrued on the note as of June 30, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Jun 30, 2018 Record entry Clear entry View general journal Journal entry worksheet a Journal entry worksheet