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At the beginning of the current period, Marigold Corp. had balances and accounts receivable of $172,000 and an allowance for doubtful accounts of $7740. During
At the beginning of the current period, Marigold Corp. had balances and accounts receivable of $172,000 and an allowance for doubtful accounts of $7740. During the period, he had net credit sales of $688,000 and collections of $656,180. It roll off as uncollectible accounts receivable of 6278. Uncollectible accounts are estimated to total 21,500 at the end of the period. (omit recording cost of goods sold)
Enter the beginning balance for accounts receivable an allowance for doubtful accounts in a tabular summary. use the summary to record transactions (a), (b), and (c) below
(a) record sales and collections during the period
(b) record the write off of uncollectible accounts during the period
(c) record bad debt expense for the period
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