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Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) $151,000 Allowance for doubtful accounts (beginning balance) 11,500 Net credit sales 950,000 Collections
Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) $151,000 Allowance for doubtful accounts (beginning balance) 11,500 Net credit sales 950,000 Collections 907,000 Write-offs of accounts receivable 5,600 Collections of accounts previously written off 1,600 Uncollectible accounts are expected to be 8% 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) eTextbook and Media List of Accounts 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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