Dr. Popper, is a leading worldwide integrated brand owner, bottler, and distributor of non-alcoholic beverages. The...

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Dr. Popper, is a leading worldwide integrated brand owner, bottler, and distributor of non-alcoholic beverages. The following represents selected data from recent financial statements of Dr. Popper (dollars in millions): Dr. Popper Consolidated Balance Sheets (partial) (in millions) Assets December 31, 20x3 December 31, 20x2 Current assets: Cash and cash equivalents $ 221 $ 63 Accounts receivable (net of allowances of $13 and $20, respectively) 530 550 Consolidated Statements of Income (partial) For the Year Ended December 31 (in millions) 20x3 Net sales $ 5,700 20x2 $ 5,580 $ 884 $ 860 20x1 $ 5,578 $ 780 Net income Source: Dr. Popper The company also reported bad debt expense of $5 million in 20x3, $11 million in 20x2, and $7 million in 20x1. Required: 1. Record the company's write-offs of uncollectible accounts for 20x3. 2. Assuming all sales were on credit, what amount of cash did Dr. Popper collect from customers in 20x3? 3. Compute the company's net profit margin for the three years presented. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the company's write-offs of uncollectible accounts for 20x3. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). View transaction list View journal entry worksheet No Transaction General Journal 1 1 Allowance for uncollectible accounts Accounts receivable Required 1 Required 2 > Debit Credit 15 15 ........: (☑ Dr. Popper, is a leading worldwide integrated brand owner, bottler, and distributor of non-alcoholic beverages. The following represents selected data from recent financial statements of Dr. Popper (dollars in millions): Dr. Popper Consolidated Balance Sheets (partial) (in millions) Assets December 31, 20x3 December 31, 20x2 Current assets: Cash and cash equivalents $ 221 $ 63 Accounts receivable (net of allowances of $13 and $20, respectively) 530 550 Consolidated Statements of Income (partial) For the Year Ended December 31 (in millions) 20x3 Net sales $ 5,700 20x2 $ 5,580 $ 884 $ 860 20x1 $ 5,578 $ 780 Net income Source: Dr. Popper The company also reported bad debt expense of $5 million in 20x3, $11 million in 20x2, and $7 million in 20x1. Required: 1. Record the company's write-offs of uncollectible accounts for 20x3. 2. Assuming all sales were on credit, what amount of cash did Dr. Popper collect from customers in 20x3? 3. Compute the company's net profit margin for the three years presented. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Record the company's write-offs of uncollectible accounts for 20x3. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). View transaction list View journal entry worksheet No Transaction General Journal 1 1 Allowance for uncollectible accounts Accounts receivable Required 1 Required 2 > Debit Credit 15 15 ........: (☑

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Record the companys writeoffs of uncollectible accounts for 20x3 Date Account Debit Credit December ... View the full answer