At the beginning of the current period, Metlock, Inc. had balances in Accounts Receivable of $196,000 and in Allowance for Doubtful Accounts of $8,820. During the period, it had net credit sales of $784,000 and collections of $747,740. It wrote off as uncollectible accounts receivable of $7,154. Uncollectible accounts are estimated to total $24,500 at the end of the period. (Omit recording cost of goods sold.) (a-c) Your Answer Correct Answer Your answer is correct. Enter the beginning balances for Accounts Receivable and 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. Beg. Bal. (a) (b) (c) SA Cash 747740 + CA Assets Accts. Rec. 196000 784000 -747740 EA Allow. For Doubtful Accts -8820 -7154 7154 -22834 Stock Mi i + EA Rev. Stockholders' Equity Retained Earnings Exp. 784000 SA i Sales revenue i i -22834 Bad debt expense (d) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts $ 6A $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit