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At the beginning of the current period, Blue Spruce Corp. had balances in Accounts Receivable of 186,000 and in Allowance for Doubtful Accounts of $9,100
At the beginning of the current period, Blue Spruce Corp. had balances in Accounts Receivable of 186,000 and in Allowance for Doubtful Accounts of $9,100 (credit). During the period, it had net credit sales of $795,000 and collections of $770,000. It wrote off as uncollectible accounts receivable of $6,800. However, a $3,400 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,000 at the end of the period. (Omit cost of goods sold entries.) Prepare the entries to record sales and collections Prepare the entry to record the write-off of uncolle Prepare the entries to record the recovery of the u Prepare the entry to record bad debt expense for t Ilections during the period. of uncollectible accounts during the r y of the uncollectible account during ense for the period. (Credit account titles are Determine the ending balances in AccoL Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubt ints Receivable and Allowance for $ ful Accounts $ What is the carrying amount of the recei receivables at the end of the period
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