The following information applies to the questions displayed below] Peet\'s Coff
ID: 2608789 • Letter: T
Question
The following information applies to the questions displayed below] Peet's Coffee & Tea, Inc., s a specialty coffee roaster and marketer of branded fresh-roasted whole bean coffee. It 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): Balance at Allowance for Doubtful Balance at Beginning of Period Additions Charges) to Expense End of Period $ 132 283 124 Write-Offs $ 128 132 0 Year 1 Year 2 Year 3 187 42 283 201 velue 10.00 points Required 1. Record the journal entries related to bad debts for year 3. (lf no entru answers in thousands.)Explanation / Answer
2a Allowance for DA Year 1 Beg. Bal. 128 4 Bad debt expense Write-offs 0 End. Bal. 132 2b Allowance for DA Year 1 Beg. Bal. 132 187 Bad debt expense Write-offs 36 End. Bal. 283
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