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At the beginning of the current period, Ayayai Corp. had balances in Accounts Receivable of $ 2 5 6 , 0 0 0 and in

At the beginning of the current period, Ayayai Corp. had balances in Accounts Receivable of $256,000 and in Allowance for Doubtful Accounts of $11,520. During the period, it had net credit sales of $1,024,000 and collections of $976,640. It wrote off uncollectible accounts receivable of $9,344. Uncollectible accounts are estimated to total $32,000 at the end of the period. (Omit recording cost of goods sold.)
(a - c)
Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a),(b), and (c) below.
(a) Record sales and collections during the period.
(b) Record the write-off of uncollectible accounts during the period.
(c) Record bad debt expense for the period.Current Attempt in Progress
At the beginning of the current period, Ayayai Corp. had balances in Accounts Receivable of $256,000 and in Allowance for Doubtful
Accounts of $11,520. During the period, it had net credit sales of $1,024,000 and collections of $976,640. It wrote off uncollectible
accounts receivable of $9,344. Uncollectible accounts are estimated to total $32,000 at the end of the period. (Omit recording cost of
goods sold.)
(a-c)
Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the
summary to record transactions (a),(b), and (c)
(a) Record sales and collections during the period.
(b) Record the write-off of uncollectible accounts during the period.
(c) Record bad debt expense for the period.
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