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At December 31, 2022, the trial balance of Blue Spruce Corp.contained the following amounts before adjustment. Debit Credit $180,300 Accounts Receivable Allowance for Doubtful Accounts $ 1,460 Sales Revenue 855,400 (a) Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $9,260 of accounts receivable will be uncollectible. (b) Repeat part (a), assuming that instead of a credit balance there is a $1,460 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2023, a $2,040 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Blue Spruce Corp. uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Nike Adidas $20,040.8 $10,289.5 84.6 109.0 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending 120.0 133.0 3.128.0 1.797.0 Accounts receivable balance (gross), beginning 3.243.0 1,6110 Accounts receivable balance (gross), ending Calculate the average collection period for both companies (Round answers to 1 decimal place, es. 12.5. Use 365 days for calculation.) Nike Adidas days Average collection period days At December 31, 2022, the trial balance of Blue Spruce Corp.contained the following amounts before adjustment. Debit Credit $180,300 Accounts Receivable Allowance for Doubtful Accounts $ 1,460 Sales Revenue 855,400 (a) Prepare the adjusting entry at December 31, 2022, to record bad debt expense, assuming that the aging schedule indicates that $9,260 of accounts receivable will be uncollectible. (b) Repeat part (a), assuming that instead of a credit balance there is a $1,460 debit balance in Allowance for Doubtful Accounts. (c) During the next month, January 2023, a $2,040 account receivable is written off as uncollectible. Prepare the journal entry to record the write-off. (d) Repeat part (c), assuming that Blue Spruce Corp. uses the direct write-off method instead of the allowance method in accounting for uncollectible accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas Nike Adidas $20,040.8 $10,289.5 84.6 109.0 Sales revenue Allowance for doubtful accounts, beginning Allowance for doubtful accounts, ending 120.0 133.0 3.128.0 1.797.0 Accounts receivable balance (gross), beginning 3.243.0 1,6110 Accounts receivable balance (gross), ending Calculate the average collection period for both companies (Round answers to 1 decimal place, es. 12.5. Use 365 days for calculation.) Nike Adidas days Average collection period days

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