JL PA$8-2($Algo$)$ Interpreting Disclosure of Allowance for Doubtful Accounts $[$LO $8-2]$

Marshall Travel, disclosed the following rounded amounts $($in millions$)$ concerning the Allowance for Doubtful Accounts on its Form $10-$

K annual report.

Required:

$1-$a$.$ Prepare a T$-$account for the Allowance for Doubtful Accounts and enter into it the $2016$ amounts from the above schedule. The

balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance.

$1-$b$.$ Write the T$-$account in equation format to prove the above items account for the changes in the account.

$2.$ Record summary journal entries for $2017$ related to $($a$)$ estimating Bad Debt Expense and $($b$)$ writing off specific customer account

balances.

$3.$ Supply the missing information for $2018.$

$4.$ If Marshall Travel had written off an additional $$23$ of Accounts Receivable during $2018,$ by how much would Net Receivables have

decreased? How much would Net Income have decreased?