At the beginning of the current period, Crane Company had balances in Accounts Receivable of $192,800 and in Allowance for Doubtful Accounts of $8,520 (credit). During the period, it had credit sales of $722,500 and collections of $708,940. It wrote off as uncollectible accounts receivable of $7,972. However, a $3,275 account previously written off as uncollectible was recovered before the end of the current period, Uncollectible accounts are estimated to total $22,740 at the end of the period. (Omit cost of goods sold entries.) (a)(d) Your answer is correct. (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period. (d) Prepare the entry to record bad debt expense for the period. (Credit account tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter ofor the amounts) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts eTextbook and Media No. Account Titles and Explanation Debit Credit (a) Accounts Receivable $722.500 Sales Revenue $722.500 (To record sales) Cash $708,940 Accounts Receivable (To record collection) (To record collection) (b) Allowance for Doubtfut Accounts 57,972 Accounts Receivable (c) Accounts Receivable $3,275 Allowance for Doubtful Accounts What is the net realizable value of the receivables at the end of the period? The net realizable value of the receivables at the end of the period eTextbook and Media List of Accounts Last saved 1 second ago. Attempts: 2 of Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Question 3 of 4 (c) Accounts Receivable: $3,275 Allowance for Doubtful Accounts $3,275 (To reinstate account previously written off) Cash $3.275 Accounts Receivable (To record collection) (d) Bad Debt Expense $18,917 Allowance for Doubtful Accounts $18917 eTextbook and Media List of Accounts Attempts: 2 of 3 used