Peets Coffee & Tea, Inc., is a specialty coffee roaster and marketer of branded fresh-roasted whole bean

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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):


Peet’s Coffee & Tea, Inc., is a specialty coffee roaster


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 year2.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0078025556

8th edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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