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. Allowance for Doubtful Accounts Idollars in millions) Increases for Bad Decreases for Year Beginning Balance Debt Expense Write-offs Ending Balance 2018 $ 59 $ 14 $ 17 $ 56 2017 64 16 a 59 2016 74 25 64 Required: ped look 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 Not Receivables have decreased? How much would Net Income have decreased? a prences Reg 1A Reg 1B Reg 2 Req3 Reg4 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 (.e., 10,000,000 should be entered as 10).) es Allowance for Doubtful Accounts Debit Credit Beginning Balance Ending Balance Reg 10 > Req 1A Reg 1B Req 2 Reg 3 Req 4 Write the T-account in equation format to prove that the above items account for the changes in the account. (Enter yo answers in millions (l.e., 10,000,000 should be entered as 10).) Beginning Balance Ending Balance Journal entry worksheet Req 1A Reg 1B Reg 2 Reg 3 Req 4 Supply the missing information for 2017 and 2016. (Enter your answers in millions (ie, 10,000,000 should be entered as 10).) Allowance for Doubtful Accounts Balance nt Beginning of Year Additions Charged to Bad Debt Expense $ 16 Doductions From Allowance Balance at End of Year 2017 $ 64 $ 59 2016 74 25 64 (Reg 2 Req4 Req 1A Reg 18 Reg 2 Reg 3 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 Not Receivables ( Req3