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At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $ 211,000 and in Allowance for Dbtful Accounts of $

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At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $ 211,000 and in Allowance for Dbtful Accounts of $ 8,910 (credit). During the period, it had net credit sales of $ 777,300 and collections of $ 764.980. It wrote oft as uncollectible accounts receivable of $ 8,009. However, a $ 2.977 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $ 23,630 at the end of the period. (Omit cost of goods sold entries.) (a-d) (a) (b) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the entries to record the recovery of the uncollectible account during the period. (c) (d) Prepare the entry to record bad debt expense for the period. - 15 No. Ar count Titles and Explanation Debit Credit (a) (To record sales) (To record cash received) (b) d (To reinstate account previously written off) (To reinstate account previously written off) (To record cash received) (d) e Textbook and Media

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