The following information is taken from the 2016 annual report to shareholders o

Question

The following information is taken from the 2016 annual report to shareholders of AT&T:

Answer the following, make sure to show computations:

1. What is the balance in AT&T's allowance for doubtful accounts at the end of the fiscal year:
2016?

2015?

2. What is the amount of receivables written off during 2016?

3. Journalize the recording of bad debt expense for 2016:(you can copy and paste this form, or do your own journal entry)

4. Journalize the write off of receivables for 2016: (you can copy and paste this form, or do your own journal entry)

5. Compute the allowance as a percentage of gross receivables for:

2016:

2015:

Year Ended 2016 2015 Accounts receivable, net $13,610 million $14,845 million Accounts receivable, gross $14,567 million $16,047 million Bad debt expense $1,334 million $1,762 million

Explanation / Answer

1.

2.

3.

4.

5.

Ref Particulars 2016 2015 A Accounts receivable, gross 14567 16047 B Accounts receivable, net 13610 14845 C=A-B Allowance for doubtful debts 957 1202

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.