Assume the following information for Kingbird Corp.

Accounts receivable (beginning balance)		$161,000
Allowance for doubtful accounts (beginning balance)		11,500
Net credit sales		934,000
Collections		907,000
Write-offs of accounts receivable		5,700
Collections of accounts previously written off		1,700

Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.

Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
(To record sales on account)
(To record collection of accounts receivable)

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Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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Prepare the entries to record the recovery of the uncollectible account during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
(To reverse write-off of accounts receivable)
(To record collection of accounts receivable)

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Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts.

Ending balance in Accounts Receivable		$
Unadjusted balance in Allowance for Doubtful Accounts		$

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Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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Determine the ending (adjusted) balance in Allowance for Doubtful Accounts.

Ending (adjusted) balance in Allowance for Doubtful Accounts

$

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