At the beginning of the current period, Rose Corp had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 During the period, it had net credit sales of $800,000 and collections of $763,000 It wrote off as uncollectible accounts receivable of $7,300 Uncollectible accounts are estimated to total $25,000 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 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 At the beginning of the current period, Rose Corp had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 During the period it had net credit sales of $800,000 and collections of $763,000 It wrote off as uncollectible accounts receivable of $7,300 Uncollectible accounts are estimated to total $25,000 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 (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 Common Stock Cash Accts Rec Doubtful Rev Exp Accts Beg Bal LINK TO TEXT LINK TO VIDEO

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At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000. During

image text in transcribed At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000. During the period, it had net credit sales of $800,000 and collections of $763,000. It wrote off as uncollectible accounts receivable of $7,300. Uncollectible accounts are estimated to total $25,000 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.

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

At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000. During the period it had net credit sales of $800,000 and collections of $763,000. It wrote off as uncollectible accounts receivable of $7,300. Uncollectible accounts are estimated to total $25,000 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 (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 Common Stock Cash Accts. Rec. . Doubtful Rev Exp Accts Beg. Bal LINK TO TEXT LINK TO VIDEO