Question
Assume the following information for Splish Brothers Corp. Accounts receivable (beginning balance) $147,000 Allowance for doubtful accounts (beginning balance) 11,390 Net credit sales 946,000
Assume the following information for Splish Brothers Corp. Accounts receivable (beginning balance) $147,000 Allowance for doubtful accounts (beginning balance) 11,390 Net credit sales 946,000 Collections 902,000 Write-offs of accounts receivable 5,800 Collections of accounts previously written off 1,700 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable. Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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