At the beginning of the current period, Marshall Enterprises Ltd. had balances in Accounts Receivable of $2,085,000 and in Allowance for Doubtful Accounts of $148,000 (credit). During the period, Marshall had credit sales of $4,285,000 with cost of goods sold of $3,077,000 and collections of $5,165,000. It wrote off $191,000 of accounts receivable. However, a $26,000 account written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $91,000 at the end of the period.

Prepare the entry to record bad debts expense for the period. (List all debit entries before credit entries. 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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

List of Accounts

(1) Prepare T accounts for Accounts Receivable and Allowance for Doubtful Accounts, (2) enter the opening balances, (3) post the journal entries prepared above, and (4) determine the ending balances. (Post entries in the order of journal entries presented in the previous question.)

Accounts Receivable
RecoverySalesWrite offCollectionsEnd. Bal.Bad debtsBeg. Bal.		RecoverySalesBeg. Bal.CollectionsWrite offEnd. Bal.Bad debts
End. Bal.CollectionsBad debtsBeg. Bal.SalesWrite offRecovery		RecoverySalesEnd. Bal.CollectionsWrite offBeg. Bal.Bad debts
Write offBeg. Bal.RecoverySalesEnd. Bal.Bad debtsCollections		RecoveryEnd. Bal.Beg. Bal.Write offSalesBad debtsCollections
Write offBeg. Bal.SalesCollectionsEnd. Bal.Bad debtsRecovery		End. Bal.CollectionsWrite offSalesBad debtsRecoveryBeg. Bal.

Allowance for Doubtful Accounts
Write offEnd. Bal.CollectionsBeg. Bal.SalesRecoveryBad debts		Bad debtsEnd. Bal.CollectionsWrite offRecoverySalesBeg. Bal.
SalesBeg. Bal.Bad debtsEnd. Bal.RecoveryCollectionsWrite off		End. Bal.SalesBad debtsBeg. Bal.RecoveryWrite offCollections
RecoverySalesWrite offBeg. Bal.Bad debtsCollectionsEnd. Bal.		Write offRecoveryBad debtsSalesBeg. Bal.End. Bal.Collections
RecoveryEnd. Bal.Beg. Bal.SalesCollectionsWrite offBad debts		Beg. Bal.Write offEnd. Bal.SalesCollectionsRecoveryBad debts

List of Accounts

Show the statement of financial position presentation of the receivables at the end of the period.

MARSHALL ENTERPRISES LTD. Statement of Financial Position (partial)
Assets
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
					$
AddLess:
					$

List of Accounts