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At the beginning of the current period, Ceradyne Corporation had balances in Accounts Receivable of $200,400 and in Allowance for Doubtful Accounts of $8,800 (credit).
At the beginning of the current period, Ceradyne Corporation had balances in Accounts Receivable of $200,400 and in Allowance for Doubtful Accounts of $8,800 (credit). During the period, Ceradyne had credit sales of $792,000 and collections on account of $757,400. Ceradyne uses a perpetual inventory system and determined that the cost of goods sold during the period was $672,100. Ceradyne wrote off as uncollectible accounts receivable of $7,200. However, a $3,200 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,300 at the end of the period. Using Taccounts, determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. (Post entries in the order of journal entries presented in the previous question.) Accounts Receivable 4 Allowance for Doubtful Accounts What is the carrying amount of the receivables at the end of the period? Carrying Amount of Receivables $
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