Question: Required information [The following information applies to the questions displayed below.) Dunkin Brands is a specialty coffee roaster and marketer of branded fresh-roasted whole bean


Required information [The following information applies to the questions displayed below.) Dunkin Brands is a specialty coffee roaster and marketer of branded fresh-roasted whole bean coffee and a wide variety of donuts and pastries. It 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 thousands): Allowance Balance at Additions Balance at for Doubtful Beginning (Charges) End ot Accounts of Period to Expendo Write-ots Period 2,599 513 3,892 3,882 3, 705 5,627 Year 5,627 1,202 2,051 4,778 Year 1 Year 2 $ S 2 $ $ 2 Required: 1. Record summary 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.) No Transaction ? Answer is complete but not entirely correct. General Journal Debit Bad debt expense 1.202.000 Allowance for doubtful accounts 1 Credit > 1,202,000 2 B Allowance for doubtlul accounts Accounts receivable 2,051,000 2,051,000
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