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At the beginning of the current period, Blossom Corp. had balances in Accounts Receivable of $278,000 and in Allowance for Doubtful Accounts of $10,000 (credit).
At the beginning of the current period, Blossom Corp. had balances in Accounts Receivable of $278,000 and in Allowance for Doubtful Accounts of $10,000 (credit). During the period, it had net credit sales of $895,000 and collections of $850,250. It wrote off as uncollectible accounts receivable of $6,100. However, a $3,500 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,900 at the end of the period. (Omit cost of goods sold entries.) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable $ Ending balance in Allowance for Doubtful Accounts $
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