TravelToday, disclosed the following rounded amounts (in thousands) concerning t

Question

TravelToday, disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report. SCHEDULE Valuation and Qualifying Accounts dollars in thousands Additions Charged to Bad Debt Expense $ 4,350 4,950 1,250 Allowance for Balance at Beginning of Year $ 9,700 Balance at End of Year Doubtful Accounts Write-Offs 2012 2011 2010 $1,550 $12,500 8,700 13,200 3,950 9,700 8,700 Required 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2011 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 thousands.) Allowance for Doubtful Accounts Beg. Bal End. Bal

Explanation / Answer

T-Account: Allowance for Doubtful Accounts : 2010 BB 13200 Writen off 5750 Bad Debt 1250 CB 8700 14450 14450 2011 BB 8700 Writen off 3950 Bad Debt 4950 CB 9700 13650 13650 2012 BB 9700 Writen off 1550 Bad Debt 4350 CB 12500 14050 14050

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