At the beginning of the current period, Marigold Corp. had balances in Accounts Receivable of $204,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had credit sales of $836,300 and collections of $706,700. It wrote off as uncollectible accounts receivable of $7,063. However, a $3,070 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,050 at the end of the period. (Omit cost of goods sold entries.) (a) - (d) Your answer is correct. (a) (b) (c) (d) 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. 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. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Credit No. Account Titles and Explanation (a) Accounts Receivable Debit $836,300 Sales Revenue $836,300 (To record sales) Cash $706,700 Accounts Receivable $706,700 (To record collection) (b) Allowance for Doubtful Accounts $7,063 Accounts Receivable $7,063 (c) Accounts Receivable $3,070 Allowance for Doubtful Accounts $3,070 (To reinstate account previously written off) Cash $3,070 Accounts Receivable $3,070 (To record collection) (d) Bad Debt Expense $18,423 Allowance for Doubtful Accounts $18,423 e Textbook and Media Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. 327,037 Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts $ 23,050 eTextbook and Media List of Accounts Attempts: 2 of 3 used (f) What is the net realizable value of the receivables at the end of the period? The net realizable value of the receivables at the end of the period $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit