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At the beginning of the current period, Cullumber Corp. had balances in Accounts Receivable of $220,000 and in Allowance for Doubtful Accounts of $15,000 (credit).
At the beginning of the current period, Cullumber Corp. had balances in Accounts Receivable of $220,000 and in Allowance for Doubtful Accounts of $15,000 (credit). During the period, it had credit sales of $683,000 and collections of $585,000. It wrote off as uncollectible accounts receivable of $6,300. However, a $3,800 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $30,000 at the end of the period.
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