At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $211,000 and in Allowance for Doubtful Accounts of $8,910 (credit). During the period, it had net credit sales of $777,300 and collections of $764,980. It wrote off 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.) Your answer is correct. (a) Prepare the entries to record sales and collections during the period. (b) (c) (d) 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. Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation (a) Accounts Receivable Sales Revenue (To record sales) Cash Debit Credit 777300 764980 Accounts Receivable (To record cash received) (b) Allowance for Doubtful Accounts 8009 Accounts Receivable (c) Accounts Receivable Allowance for Doubtful Accounts (To reinstate account previously written off) Cash Accounts Receivable (To record cash received) (d) Bad Debt Expense Allowance for Doubtful Accounts eTextbook and Media List of Accounts * Your answer is incorrect. 2977 2977 19752 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 List of Accounts * Your answer is incorrect. $ What is the net realizable value of the receivables at the end of the period? Net realizable value of the receivables at the end of the period eTextbook and Media List of Accounts 2977 19752 777300 764980 8009 2977 2977 19752