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At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $212,000 and in Allowance for Doubtful Accounts of $9,540. During
At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $212,000 and in Allowance for Doubtful Accounts of $9,540. During the period, it had net credit sales of $848,000 and collections of $808,780. It wrote off as uncollectible accounts receivable of $7,738. Uncollectible accounts are estimated to total $26,500 at the end of the period. (Omit recording cost of goods sold.) (ac) 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. eTextbook and Media Stockholders' Equity Retained Earnings Common Stock + Rev. - Exp. $ $ eTextbook and Media
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