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At the beginning of the current period, Marigold Corp. had balances in Accounts Receivable of 203,000 and in Allowance for Doubtful Accounts of $8,600 (credit).

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At the beginning of the current period, Marigold Corp. had balances in Accounts Receivable of 203,000 and in Allowance for Doubtful Accounts of $8,600 (credit). During the period, it had net credit sales of $805,000 and collections of $756,000. It wrote off as uncollectible accounts receivable of $6,800. However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period. (Omit cost of goods sold entries.) (a) (To record sales) (Torecord collection) (b) (c) (To reinstate account previously written off) (To record collection) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts What is the carrying amount of the receivables at the end of the period? Carrying amount of receivables

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