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The Nestl Group disclosed the following analysis of its accounts receivable at December 31, 2014 (amounts in millions of Swiss francs, CHF): Aged Accounts Receivable Not past due Past due 1-30 days Past due 31-60 days Past due 61-90 days Past due 91120 days Past due more than 120 days Amount 11,801 851 254 108 60 737 13,811 Assume that the estimated percentages of uncollectible accounts were determined as 1 percent, 5 percent, 10 percent, 20 percent, 30 percent, and 40 percent for the six age groups, respectively. At January 1, 2014, the allowance for doubtful accounts had a balance of CHF377, and a total of CHF99 was written off as uncollectible during 2014. The company recovered CHF15 from customers whose accounts were written off in 2013 Required: 1. Prepare the journal entries to record the receivables that were written off in 2014, the recovery of receivables written off in 2013, and the bad debt expense for 2014. (Enter your answer in millions of Swiss francs. Round intermediate calculations and final answers to 1 decimal place. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 1 2 3 4 Record entry to write-off accounts receivable determined to uncollectible. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Show how the information related to accounts receivable is presented on the company's statement of financial position as at December 31, 2014. (Enter your answer in millions of Swiss francs. Round intermediate calculations and final answers to 1 decimal place.) Statement of financial position: Current assets Accounts receivable Less: Allowance for doubtful accounts Accounts receivable, net CHE CHF 0.0

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