At the beginning of the current period, Crown Point Enterprises Ltd. had balances in Accounts Receivable of $2,093,000 and in Allowance for Doubtful Accounts of $140,000 (credit). During the period, Crown Point had credit sales of $4,328,000 with cost of goods sold of $3,090,000 and collections of $5,214,000. It wrote off $185,000 of accounts receivable. However, a $25,000 account written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $88,000 at the end of the period. Your answer is correct. Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Debit Credit Account Titles and Explanation Accounts Receivable 4328000 Sales 4328000 (To record sales) Cost of Goods Sold 3090000 Inventory 3090000 (To record cost of sales sold) Cash 5214000 Accounts Receivable 5214000 (To record collections) (b) Your answer is correct. Prepare the entry to record the write off of the $185,000 of accounts deemed uncollectible during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Allowance for Doubtful Accounts 185000 Accounts Receivable 185000 Attempts: 1 of 2 used (c) Your answer is correct. Prepare the entry(ies) to record the collection of the $25,000 account written off as part of the uncollectible accounts. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Accounts Receivable 25000 25000 Allowance for Doubtful Accounts (To reverse write-off of account receivable) Cash 25000 Accounts Receivable 25000 (To record collection of account receivable) Autorante 1 fuead (d) Prepare the entry to record bad debts expense for the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Bad Debts Expense Allowance for Doubtful Accounts Save for Later Attempts: 0 of 2 used Submit