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 Ending Balance $1,350 9,300 8,300 Beginning Balance Increases for Decreases for Write-Offs Bad Debt Expense Year 2016 $9,300$ 2015 2014 4,150 4,750 1,050 8,300 12,800 3,750 5,550 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 $33 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 Req 1B Req 2 Req 3 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.) Allowance for Doubtful Accounts Beg. Bal End. Bal Reg 1A Req 1B 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+ -Ending Balance Req 1A Req 2 Req 1A Req 18 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 Journal entry worksheet 2 Record the adjusting entry in 2015 for bad debts Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Req 1B 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 Journal entry worksheet 2 Record the adjusting entry in 2015 for the write-off of specific customer balances Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal KReq 1B Req 3 > Req 1A Req 1B Req 2 Req 3 Req 4 Supply the missing information for 2016. (Enter your answers in thousands.) Additions Allowance for Balance at Doubtful Beginning of Accounts Charged to Bad Debt Balance at End of Year Write Offs Year Expense 2016 9,300 4,150 1,350 Req 2 Req 4 Req 1A Req 1B Req 2 Req 3 Req 4 If TravelToday had written off an additional $33 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