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At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doubtful Accounts of $9,630 (credit).

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At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $187,800 and in Allowance for Doubtful Accounts of $9,630 (credit). During the period, it had net credit sales of $860,400 and collections of $687,720. It wrote off as uncollectible accounts receivable of $7,381. However, a $2,859 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,070 at the end of the period. (Omit cost of goods sold entries.) Your answer is correct. (a) (6) (c) (d) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the entries to record the recovery of the uncollectible account during the period. Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation (a) Accounts Receivable 360400 Debit Credit 860400 Sales Revenue (To record sales) Cash 682720 Accounts Receivable 682720 (To record cash received) Allowance for Doubtful Accounts (b) 7381 Accounts Receivable 7381 (c) Accounts Recevable 2859 2859 Allowance for Doubtful Accounts (To reinstate account previously written off) Cash 2859 Accounts Receivable (To record cash received) 2859 X Your answer is incorrect. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts $ $ eTextbook and Media ist of Accounts * Your answer is incorrect What is the net realizable value of the recevables at the end of the period? Net realizable value of the receivables at the end of the period $ e Textbook and Media List of Accounts

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