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At the beginning of the current period, Nash's Trading Post, LLC had balances in Accounts Receivable of $201,400 and in Allowance for Doubtful Accounts of

At the beginning of the current period, Nash's Trading Post, LLC had balances in Accounts Receivable of $201,400 and in Allowance for Doubtful Accounts of $8,570. During the period, it had net credit sales of $840,400 and collections of $758,910. It wrote off as uncollectible accounts receivable of $8,026. Uncollectible accounts are estimated to total $23,180 at the end of the period. (Omit recording cost of goods sold.)

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.

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P.S- The drop-down options in the retained earnings are as given below. Please select from the drop-down options too.

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(Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Assets Liabilities + Stockholders' Equity Allow. For Retained Earnings Cash Accts. Rec. - Doubtful Accts = + Common Stock + Rev. Exp. + Beg. Bal. $ $ $ $ (a) (b) (c) 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 $ 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 $ Stockholders' Equity Retained Earnings Exp. $ Cost of goods sold Sales revenue Accounts receivable Bad debt expense Sales returns & allowances

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