supply the missing dollar amounts noted by for year 1 and year 2 555572
Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts – Peet’s Coffee & Tea, Inc., is a specialty coffee roaster and marketer of branded fresh roasted whole bean coffee. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K Annual Report submitted to the Securities and Exchange Commission. A summary of the Allowance for Doubtful Accounts is as follows (dollars in thousands):
|
Allowance for Doubtful Accounts Don't use plagiarized sources. Get Your Custom Essay on
supply the missing dollar amounts noted by for year 1 and year 2 555572
For $10/Page 0nly
|
Balance at Beginning of Period |
Additions Charges) to Expense |
Write-Offs |
Balance at End of Period |
|
Year 1 |
$89 |
$ ? |
$1 |
$145 |
|
Year 2 |
145 |
— |
? |
67 |
|
Year 3 |
67 |
7 |
2 |
72 |
Required:
1. Record summary journal entries related to bad debts for year 3.
2. Supply the missing dollar amounts noted by (?) for year 1 and year 2.
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