3. Use this information to answer the following questions: The following information is taken from...
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Accounting
3. Use this information to answer the following questions: The following information is taken from the 2015 annual report to shareholders of Hewlett-Packard (HP) Co. For Fiscal 2015 $46 million For Fiscal 2014 $25 milliorn Provision for doubtful accounts Accounts receivable, net Accounts recocivable, gross 13.552 min 13,832 million 14,064 million 13,552 million a. What is the balance in HP's allowance for doubtful accounts at the end of the fiscal years 2015 and 2014, respectively? b. What kind of account is the provision for doubtful accounts in HP's financial statements? c. Using a T-account for the allowance for doubtful accounts, identify the changes in the account d. If HP is using the balance sheet approach to determining bad debt expense, what percentage of during fiscal year 2015. year-end gross receivables did it use in 2015 and 2014, respectively? For each posted entry in the allowance account during 2015, prepare the journal entry e
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