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At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $184,000 and in Allowance for Doubtful Accounts of $8,280. During

image text in transcribedimage text in transcribedimage text in transcribed At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $184,000 and in Allowance for Doubtful Accounts of $8,280. During the period, it had net credit sales of $736,000 and collections of $701,960. It wrote off as uncollectible accounts receivable of $6,716. Uncollectible accounts are estimated to total $23,000 at the end of the period. (Omit recording cost of goods sold.) (ac) - Your answer is partially correct. 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).) Stockholders' Equity Retained Earnings Sales revenue

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