Account Titles and Explanation 1. Accounts Receivable 2965700 Sales Revenue 2965700 2 Sales Returns and Allowances 67586 Accounts Receivable 67586 3. Cash 2568800 Accounts Receivable 2568800 4. Allowance for Doubtful Accounts 42560 Accounts Receivable 42560 5. Accounts Receivable 14110 Allowance for Doubtful Accounts (To reinstate account previously written off) cash 14110 14110 Accounts Receivable 14110 DOLL Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable Allowance for Doubtful Accounts LIST OF ACCOUNTS DOLL F6 F8 F9 F10 F11 F12 insert PrntScr De 5 Backspace 8 0 TY UI O P Exercise 8-3 (Part Level Submission) At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had net credit sales of $739,000 and collections of $813,450 It wrote off as uncollectible accounts receivable of $7,198. However, a $2,978 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,810 at the end of the period. (Omit cost of goods sold entries.) y (a - d) Your answer is correct. (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (d) Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) () Prepare the entries to record the recovery of the uncollectible account during the period. No. t Titles and Expla nation Debit Credit (a) Accounts Receivable 39000 Sales Revenue 739000 (To record sales) 813450 813450 Accounts Receivabl