JL PA$8-2($Algo$)$ Interpreting Disclosure of Allowance for Doubtful Accounts $[$LO $8-2]$ 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 the above items account for the changes in the account.

Record summary journal entries for $2017$ related to $($a$)$ estimating Bad Debt Expense and $($b$)$ writing off specific customer accoun

balances.

Supply the missing information for $2018.$

If BFF Travels had written off an additional $$35$ of Accounts Receivable during $2018,$ 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.

Req $1A$

Prepare a T$-$account for the Allowance for Doubtful Accounts and enter into it the $2016$ 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.$)$ Req $1A$

Record summary journal entries for $2017$ related to $($a$)$ estimating Bad Debt Expense and $($b$)$ writing off specific customer account

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.$)$

Skipped

eBook

References

Journal entry worksheet

Record the adjusting entry in $2017$ for bad debts.

Note: Enter debits before credits. Req $1A$

Record summary journal entries for $2017$ related to $($a$)$ estimating Bad Debt Expense and $($b$)$ writing off specific customer account

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.$)$

eBook

References

Journal entry worksheet

$1$

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Record the adjusting entry in $2017$ for the write$-$off of specific customer

balances.

Note: Enter debits before credits.requirea:

$1-$a$.$ Prepare a T$-$account for the Allowance for Doubtful Accounts and enter into it the $2016$ 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 the above items account for the changes in the account.

Record summary journal entries for $2017$ related to $($a$)$ estimating Bad Debt Expense and $($b$)$ writing off specific customer accour

balances.

Supply the missing information for $2018.$

If BFF Travels had written off an additional $$35$ of Accounts Receivable during $2018,$ 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.

Supply the missing information for $2018.($Enter your answers in millions.$)$

BFF Travels, disclosed the following rounded amounts $($in millions$)$ 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 $2016$ 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 the above items account for the changes in the account.

Record summary journal entries for $2017$ related to $($a$)$ estimating Bad Debt Expense and $($b$)$ writing off specific customer account

balances.

Supply the missing information for $2018.$

If BFF Travels had written off an additional $$35$ of Accounts Receivable during $2018,$ 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.

Prepare a T$-$account for the Allowance for Doubtful Accounts and enter into it the $2016$ 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.$)$

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