The following information applies to the questions displayed

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.)

Solution

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