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Xerox Corporation is the company that made the photocopier popular, but since then has grown a new business related to business process outsourcing. It recently

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Xerox Corporation is the company that made the photocopier popular, but since then has grown a new business related to business process outsourcing. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Required: 1.a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2018 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is 0 credit balance. 1-b. Write the T-account in equation fomat to prove that the above items account for the changes in the account: 2. Record summory joumal entries for 2018 reloted to (h estimoting bod debt expense and (if writing off specific balances 3. Supply the missing informotion for 2017 and 2016 . 4. If Xerox had written off an odditional $20 (thousond) of accounts receivable during the period, by how much would Net Receivbbles hove decreosed? How much would Net Income have decreosed? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2018 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 mililons (1.e., 10,000,000 should be entered as 10).) 2. Record summary journal entries for 2018 related to (t) estimating bad debt expense and (i) writing off specific balances. 3. Supply the missing information for 2017 and 2016. If Xerox had written off an additional $20 (thousand) of accounts recelvable during the period, by how much would Net Rece have decreased? How much would Net income have decreased? Complete this question by entering your answers in the tabs below. Write the T-account in equation format to prove that the above items account for the changes in the account. (Enter your answers in millions ((i.e, 10,000,000 should be entered as 10).) Journal entry worksheet Record the adjusting entry for bad debts for 2018. Note: Enter cebits before credits. Journal entry worksheet Record the adjusting entry for write-off of specific customer balances for 2018 . Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Supply the missing information for 2017 and 2016. (Enter your answers in millions (i.e., 10,000,000 shoul 10).)

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