Question: Peet's Coffee & Tea, Inc., s a specialty coffee roaster and marketer of branded fresh roasted whole bean coffee. t recently disclosed the following Information



Peet's Coffee & Tea, Inc., s a specialty coffee roaster and marketer of branded fresh roasted whole bean coffee. t 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 Balance at Balance at Additions ut Beginning (Charges) Wrd of Write- End of Period to Expense ofs Period Accounts Year1 Year 2 Year 3 $ 89 162 70 S?S $162 185 70 20 82 value: 10.00 points Required: 1.Record the journal entries related to bad debts for year 3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands.) View transaction list Journal entry worksheet Record the end-of-period bad debt expense estimate. Note: Enter debits before credits Record entry View general journal Clear entry
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