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At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $197,000 and in Allowance for Doubtful Accounts of $9,040 (credit).

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At the beginning of the current period, Shamrock Corp. had balances in Accounts Receivable of $197,000 and in Allowance for Doubtful Accounts of $9,040 (credit). During the period, it had net credit sales of $862,700 and collections of $838,670. It wrote off as uncollectible accounts receivable of $7,477. However, a $3,049 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,310 at the end of the period, (Omit cost of goods sold entries.) (ad) Your answer is correct. (a) Prepare the entries to record sales and collections during the period, (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period. (d) Prepare the entry to record bad debt expense for the period. (Uist all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entryis required, select "No Entry" for the account titles and enter of for the amounts) (To record sales) Accounts Receivable (To record cash received) (b) Alowance for Doubtful Accounts 7477 Accounts Recelvable (c) Accounts Receivable Allowance for Doubtful Accounts (To reinstate account previously written off) Cash Accounts Receivable (To record cash received) (d) Aad Debt Expense Allowance for Doubtful Accounts eTextbook and Media Hint Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Recelvable Ending balanxe in Allowance for Doubtful Accounts 5 eTextbook and Media List of Accounts (f) What is the net realiable value of the receivables at the end of the period? Cash (net) realizable value of the recelvables at the end of the period

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