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At the beginning of the current period, Coronado Industries had balances in Accounts Receivable of $204,000 and in Allowance for Doubtful Accounts of $9,180. During

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At the beginning of the current period, Coronado Industries had balances in Accounts Receivable of $204,000 and in Allowance for Doubtful Accounts of $9,180. During the period, it had net credit sales of $816,000 and collections of $778,260. It wrote off as uncollectible accounts receivable of $7,446. Uncollectible accounts are estimated to total $25,500 at the end of the period. (Omit recording cost of goods sold.) (a -c) 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. Assets Liabilities Allow. For Cash + Accts. Rec. Doubtful Accts Beg. Bal. $ (a) (b) (c) Stockholders' Equity Retained Earnings Common Stock + Rev. Exp. $ Bad debt expense Accounts receivable e Textbook and Media Sales revenue Sales returns & allowances Save for Later Attempts: 0 Cost of goods sold

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