How would net receivables and net earning have been affected

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Reference no: EM133716393

Question: Shopify Inc. is a global commerce operating system that enables merchants of all sizes to sell to anyone, anywhere. In a recent annual report, it disclosed the following information concerning its allowance for doubtful accounts: (in thousands of dollars) 2021 2020 Balance, beginning of the year $6,041 $2,894 Provision for credit losses related to uncollectible receivables 6,069 6,793 Write-offs (3,166) (3,646) Balance, end of the year w % Source: Shopify Inc. Required: 1. Record summary journal entries related to bad debts for 2021. 2. If Shopify had written off an additional $10 thousand of accounts receivable during 2021, how would net receivables and net earnings have been affected? Explain.

Reference no: EM133716393

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