Question $2(48$ points$)$

The following data is taken from the May $26,2019$ annual report of GENERAL MILLS, INC:

Clarifying information

Additions charged to expense means bad debt expense.

a$.$ What percent of Gross Accounts Receivable does the Allowance for Doubtful Accounts represent as of May $26,2019?$ Did that percentage increase or decrease in $2019$ relative to $2018?$

b$.$ Provide the accounting entry to record bad debt expense and write$-$offs in $2019.$ You can record the transaction using the accounting equation or a journal entry.

c$.$ Calculate the bad debt expense for $2018$ and the write$-$offs in $2017.$

d$.$ Suppose General Mills uses the income statement approach to determine the allowance for doubtful accounts, and the company estimated that $1\mathrm{.}6\%$ of the gross credit sales would not be collected in $2019.$ What are the gross credit sales in $2019?$

e$.$Suppose General Mills uses the balance sheet approach to determine the allowance for doubtful accounts, and the company estimated that $1\mathrm{.}7\%$ of the remaining accounts receivable in $2020$ would not be collected. What is the bad debt expense in $2020?($Assume that the ending balance of accounts receivable is $$1,754$ million in $2020,$ write$-$offs during $2020$ are $$23\mathrm{.}5$ million, and no other adjustments and reclassifications were made during $2020.)$

f$.$ On Jan $15,2021,$ General Mills collected $$4\mathrm{.}7$ million of accounts receivables from its customer that had previously been written$-$off. What is the accounting entry that General Mills recorded to reflect the recovery of these accounts receivables? You can record the transaction using the accounting equation or a journal entry.