At the beginning of the current period, Uli Corporation had balances in Accounts Receivable of $188,000 and in Allowance for Doubtful Accounts of $8,600 (credit). During the period, Uli had credit sales of $752,000 and collections on account of $717,500. Uli expects a return rate of 5%. Uli uses a perpetual inventory system and determined that the cost of goods sold during the period was $629,800. Uli wrote off as uncollectible, accounts receivable of $7,000. However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23.500 at the end of the period. Prepare the entries to record sales, cost of goods sold, and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) (To record collections) 11 111