Question: Oracle is the world's largest supplier of database software. Its balance sheet included the following presentation: During 2011, Oracle added $180 million to its allowance

Oracle is the world's largest supplier of database software. Its balance sheet included the following presentation:

Oracle is the worldâ€™s largest supplier of database software. Its

During 2011, Oracle added $180 million to its allowance for doubtful accounts.
1. Calculate the write-offs of uncollectible accounts.
2. Show the impact on the balance sheet equation of these transactions.
3. Give the journal entries needed to record these transactions.

May 31 2011 2010 ($ in millions) Trade receivables, net of allowance for doubtful accounts of $372 and $305 as of May 31, 2011 and 2010, respectively $6,628 $5,585

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