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 Year 2018 2017 2016 Allowance for Doubtful Accounts (dollars in millions) Increason for Bad Decreases for Beginning Balance Debt Expense Write-offs $ 59 $ 14 $ 17 64 16 74 b 25 Ending Balance $ 56 59 64 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 a credit balance. 1-b. Write the T-account in equation format to prove that the above items account for the chances in the account 2. Record summary journal entries for 2018 related to () estimating bad debt expense and (1) writing off specific balances. 3. Supply the missing information for 2017 and 2016 4. If Xerox had written off an additional $20 (thousand) of accounts receivable during the period, by how much would Net Receivables have decreased? How much would Net Income have decreased? 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 a credit balance. 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account 2. Record summary Journal entries for 2018 related to () estimating bad debt expense and (1) writing off specific balances 3. Supply the missing information for 2017 and 2016 4. If Xerox had written off an additional $20 (thousand) of accounts receivable during the period, 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. Reg 1A Reg 1B Reg 2 Reg 3 Req 4 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 millions (l.e., 10,000,000 should be entered as 10).) Allowance for Doubtful Accounts Debit Credit Beginning Balance Ending Balance RAQ Req 1B > 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 a credit balance. 1-b. Write the T-account in equation format fo prove that the above items account for the changes in the account. 2. Record summary journal entries for 2018 related to (1) estimating bad debt expense and (1) writing off specific balances. 3. Supply the missing information for 2017 and 2016, 4. If Xerox had written off an additional $20 (thousand) of accounts receivable during the period, 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. Req4 Reg 1A Reg 1B Reg 2 Reg 3 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 (.e. 10,000,000 should be entered as 10).) Beginning Balance Ending Balance $ + 0 Reg 1A Req 18 Reg 2 Req3 Reg 4 Record summary journal entries for 2018 related to (1) estimating bad debt expense and (1) writing off specific balances. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (e. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 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 a credit balance. 1-b. Write the T-account in equation format to prove that the above items account for the changes in the account 2. Record summary journal entries for 2018 related to (1) estimating bad debt expense and (1) writing off specific balances. 3. Supply the missing information for 2017 and 2016 4. If Xerox had written off an additional $20 thousand) of accounts receivable during the period, by how much would Not Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tos below. Req1A Reg 1B Reg 2 Req3 Reg 4 if Xerox had written off an additional $20 (thousand) of accounts receivable during the period, by how much would Net Receivables have decreased? How much would Net Income have decreased? Net Income Net Receivables
