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at the beginning of the current period, Ace Corp. had balances in Accounts Receivable of $ 2 0 0 , 0 0 0 and in

at the beginning of the current period, Ace Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000(credit). During the period, it had credit sales of $650,000 and collections of $590,000. it wrote off as uncollectible accounts receivable of $5,000. However, a $3,000 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $20,000 at the end of the period
(a) prepare the entries to record sales and collections during the period. omit cogs sold entries
(b) prepare the entry to record the write-off of uncollectible accounts during the period
(c) prepare the entries to record the recovery of the uncollectible account during the period
(d) prepare the entry to record bad debt expense for the period
(e) Determine the end balances in accounts receivable and allowance for doubtful accounts
(f) Calculate the cash realizable value of the receivables at the end of the period

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