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At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $191,500 and in Allowance for Doubtful Accounts of $9,890 (credit).

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At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $191,500 and in Allowance for Doubtful Accounts of $9,890 (credit). During the period, it had net credit sales of $733,600 and collections of $767,780. It wrote off as uncollectible accounts receivable of $7,149. However, a $2,957 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25.440 at the end of the period. (Omit cost of goods sold entries.) Your answer is partially correct. (a) Prepare the entries to record sales and collections during the period. (6) 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. Id 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 Debit Credit (a Accounts Receivable 733600 Sales Revenue 733600 (To record sales) Cash 767780 Accounts Receivable 1 787780 (To record cash received) (b) Allowance for Doubtful Accounts Accounts Receivable 7:49 Ic) Accounts tecavable Allowance for D ul Accounts 2057 (To reinstate account previously written of) Cash Accounts Receivable (To record cash received) (d) B abit Expense Allowance for Douth Accounts 19742 - Your answer is partially correct. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable 130429 Ending balance in Allowance for Doubtful Accounts $ 25440 e Textbook and Media Assistance Used e Textbook Video List of Accounts X 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 periods 104989

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