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Wheelys, Inc. designs and sells footwear with a wheel in the heel, worn by sometimes-annoying kids at shopping malls. Assume it recently disclosed the following information concerning the Allowance for Doubtful Accounts in its annual report Allounce for Doubtful Accounts Valuation and Qualifying Accounts (dollars in thousands) Balance at Additions Beginning of Charged to Bad Year Debt Expense write. Offs Balance at End of Year $ 0 2020 2019 2018 $189 410 130 333 $ 69 554 2 $120 189 410 435 Required: S-a. Complete the account for the Allowance for Doubtful Accounts by entering into it the 2020 amounts from the above schedule (Enter your answers in thousands.) Allowance for Doubtful Accounts Beg bull End bal 1-b. Complete the T-account in equation format given below to prove that the above items account for the changes in the account. (Enter your answers in thousands.) Beginning balance Bad Debt Expense Write Offs Ending Balance 2. This part of the question is not part of your Connect assignment 3. Record summary journal entries for 2019 related to (a) estimating Bad Debt Expense and () writing off specific balances (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet 2 Record the estimate of Bad debt expenses for 2019, Note: Enter debits before credito Transaction General Journal Debit Credit 4. Supply the missing dollar amount for 2018 (Enter your answer in thousands.) Allowance for Doubtful Accounts Balance it Beginning of Year Additions Charged to Bad Debt Expense Write Oils Balance at End of Year 2018 $ 130 $ 435 s 410 Assessment Tool iFrame 5-0. If Wheelys had written off an additional $20 of Accounts Receivable during 2020 and the ending allowance balance was estimated to be $120 (dollars in thousands) will net receivables be affected? Yes O No 5-6. If Wheelys had written off an additional $20 of Accounts Receivable during 2020 and the ending allowance balance was estimated to be $120 (dollars in thousands) will the net income be affected? Yes NO

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