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Thank you so much. TravelToday, Inc., disclosed the following rounded amounts (in thousands) concerning...

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Accounting

imageThank you so much.

TravelToday, Inc., disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. Allowance for Doubtful Accounts dollars in thousands andsecreab ofs 10,0000 Beginning Balance Increases for Bad Debt Expense Decreases for Write-0ffs Ending Balance $ 1,700 Year 2016 2015 2014 $ 10,000 9,000 13,500 4,500 5,100 1,400 4,100 5,900 9,000 Required 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter Into it the 2014 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance 2. Record summary Journal entries for 2015 related to (a) estimating Bad Debt Expense and (b) writing off 3. Supply the missing Information for 2016 1-b. Write the T-account In equation format to prove the above items account for the changes in the account. specific customer account balances. 4. If TravelToday had written off an additional $40 of Accounts Recelvable during 2016, by how much would Net Recelvables have decreased? How much would Net Income have decreased

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