At the beginning of the current period,NewmanCorporation had balances in Accounts Receivable of $201,100and in Allowance for Doubtful Accounts of $9,900(credit). During the period,Newmanhad credit sales of $805,800and collections on account of $769,300.

Newmanuses a perpetual inventory system and determined that the cost of goods sold during the period was $669,500.Newmanwrote off as uncollectible accounts receivable of $7,500. However, a $2,800account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,400at the end of the period.

The entry to record collections (not including recovery) of accounts receivable during the period is:

Question 8 options:

Accounts Receivable

669,500

Cash

669,500

Accounts Receivable

201,100

Cash

201,100

Cash

805,800

Accounts Receivable

805,800

Cash

769,300

Accounts Receivable

769,300

None of the above