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Trinity Brands recently disclosed the following: A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousands): Allowance for Doubtful Accounts Balance
Trinity Brands recently disclosed the following:
A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousands):
Allowance for Doubtful Accounts | Balance at Beginning of Period | Additions (Charges) to Expense | Write-Offs | Balance at End of Period | ||||
Year 1 | $ | 91 | $ | ? | $ | 10 | $ | 154 |
Year 2 | 154 | 186 | ? | 79 | ||||
Year 3 | 79 | 24 | 12 | 91 | ||||
Required:
1. Record summary journal entries related to bad debts for Year 3.
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