Callaway Golf Company sells on account to golf pro shops and general sporting goods retailers....

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Accounting

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Callaway Golf Company sells on account to golf pro shops and general sporting goods retailers. In its financial statements for the year ended D 31, 2015, Callaway reported the following balances and changes in the Allowance for Doubtful Accounts (in thousands) Debt of $3,800 $4,200 $780 $1,180 Required: nt nces 1-0. Create a T-account for the Allowance for Doubtful Accounts and enter into it the amounts from the above schedule. TIP: The allowance increases when estimates are charged to Bad Debt Expense and when recoveries are reported. The allowance decreases when accounts are written off 1-b. Write the T-account in e tion format to prove that the above items account for the changes in the account 2. Record summary journal entries related to (a) estimating bad debt expense and (b) write-offs of specific balances during the Callaway had written off an additional $180 (thousand) of accounts recelvable during the period, by how much would Net Receivables have d 3-a. If (amounts are in thousands) 3-b. If Callaway had written off an additional $180 tthousand) of accounts receivable during the period, how much would Net Income have decreased? (amounts are in thousands) Complete this question by entering your answers in the tabs below

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