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Xerox Corporation is the company that made the photocopler 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 Allowance for Doubtful Accounts (dollars in millions) Increases for Decreases for Beginning Balance Bad Debt Expense Write-offs 3.30 $38 112 1/ 188 b Endine Balance 50 2015 2014 2013 112 Required: 1-a. Create a T-account for the Allowance for Doubtful Accounts and enter into it the 2015 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 2015 related to (1) estimating bad debt expense and writing off specific balances. 3. Supply the missing dollar amounts for a and b 4-a. If Xerox had written off an additional $20 of accounts receivable during 2013. by how much would its Net Accounts Receivable have decreased? 4-b. If Xerox had written off an additional $20 of accounts receivable during 2013, by how much would its Income from Operations have decreased

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