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answer, please! At the beginning of the current period, Huang Co. had a balance of $100,000 in Accounts Receivable and a 57,000 credit balance in
answer, please!
At the beginning of the current period, Huang Co. had a balance of $100,000 in Accounts Receivable and a 57,000 credit balance in Allowance for Doubtful Accounts. In the period, it had net credit sales of $400,000 and collections of $361,500. It wrote off accounts receivable of $10.500 as uncollectible. After a $1.750 account was written off as uncollectible, it was subsequently collected. This is in addition to the other cash collections. Based on an aging schedule, uncollectible accounts are estimated to be $8,000 at the end of the period. Record sales and collections in the period. Ignore any inventory cost of goods sold, and refund liability for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, or and enter for the amountsStep by Step Solution
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