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At the beginning of the current period, Teal Mountain Corp, had balances in Accounts Receivable of $200,900 and in Allowance for Doubtful Accounts of $9,080

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At the beginning of the current period, Teal Mountain Corp, had balances in Accounts Receivable of $200,900 and in Allowance for Doubtful Accounts of $9,080 (credit). During the period, it had net credit sales of $787,700 and collections of $755,550. It wrote off as uncollectible accounts receivable of $7,106. However, a $3,300 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total \$23,450 at the end of the period. (Omit cost of goods sold entries.) Your answer is partially 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. (List all debit entries before credit entries. Credit account titles are automatically indented wren amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titif 5 and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (a). Accounts Receivable 787,700 Siles Reverus 787,200 (To record sales) Cath 755,550 Accounts Pocelvatle \begin{tabular}{r} 55.550 \\ \hline \\ \\ \hline \end{tabular} (To record cash received) (b) Allowance for Doubthit Accounts 7,106 Accounts Reccivable 7.108 (c) Accoumts Recelvable 3300 755350 Allowance for Boubthal Accounts \begin{tabular}{|r|} \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline \\ \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular} (To reinstate account previously written off) Caih ,000 3200 Accounts Recervabie 3300 (To record cash received) (d) Elad Debt Expene Allowance for Doubdul Accounts 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 List of Accounts X Your answer is incorrect. What is the net realizable value of the receivables at the end of the period? Cash (net) realizable value of the receivables at the end of the period $

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