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At the beginning of the current period, Oriole Company had balances in Accounts Receivable of $191,500 and in Allowance for Doubtful Accounts of $9.840 (credit).
At the beginning of the current period, Oriole Company had balances in Accounts Receivable of \$191,500 and in Allowance for Doubtful Accounts of $9.840 (credit). Durine the period it had net credit sales of $782.000 and collections of $697.920. It wrote off as uncollectible accounts receivable of $6,591. However, a $2,948 account previously written off as uncollectible was recovered before the end of the curreot period. Uncollectible accounts are estimated to total 523,400 at the end of the period. (Oemit cost of soods sold entries] (ad) Your answer is partially cortect. (a) Prepare the entries to recordsales and collections during the period (b) Prepare the entry to record the write-off of ancollectible sccounts durine the penod. (c). Prepare the entries to record the recovecy of the uncollectible account durinc the period. (d) Prepare the entry to record bad debt expense for the period. (Credit account tities are automatically indented when amount is entered. Do not indent inanualiy) (Credit occount titles are outomaticallv indented when amount is entered. Do not indmit manumillv)
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