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At the beginning of the current period, Coronado Indurstries had balances in Accounts Receivable of 206 cooo and in Alicwance for Doubtful Accounts of 59.300
At the beginning of the current period, Coronado Indurstries had balances in Accounts Receivable of 206 cooo and in Alicwance for Doubtful Accounts of 59.300 (credit). Durine the period, it had net credit sales of $807,000 and collections of 5768,000 . it wrote off as uncollectible accotunts receivable of 57.100. However, a 53,100 account previously written off as uncollectible was recover ed before the end of the current period. Uncollectible accounts are estimated to total 526 . 000 at the end of the period, (Omit cost of Roods sold entries ) (a) - (d) - Your answver is partially correct. (a) Propare the entries to record sates and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accocints during the period. (c) Prepare the entries to record the recowery of the uncollectible account during the period. (d) Pxepare the entry to record bad debt expense for the period: (Credit acoount titles are automatlcally indented when amount is enteriod. Do not indent marasally If no entry is requilneif, seloct "No Entry for the acoount tities and enter 0 for the amounts. List all debit entries before credit entries) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Recervable Ending balance in Allowance for Doubtful Accounts
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