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

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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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