10 of 10 View Policies Show Attempt History Current Attempt in Progress 0.5/2 III At the beginning of the current period, Vaughn Manufacturing had balances in Accounts Receivable of $216,000 and in Allowance for Doubtful Accounts of $9,720. During the period, it had net credit sales of $864,000 and collections of $824,040. It wrote off as uncollectible accounts receivable of $7,884. Uncollectible accounts are estimated to total $27,000 at the end of the period. (Omit recording cost of goods sold.) (a-c) -Your answer is partially correct. Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Question 10 of 10 < > (b) Record the write-off of uncollectible accounts during the period. (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cash i Assets Accts. Rec. 216000 864000 0.5/2 = Liabilities + Allow. For Doubtful Accts 9720 (7884) (824040) 1836 i (7884) (27000) i 248076 (25164) eTextbook and Media Save for later !!! Con + Attempts: 1 of 3 used Submit