Ch.7 Q4

Current Attempt in Progress At the beginning of the current period, Vaughn Manufacturing had balances in Accounts Receivable of $216,000 and in Allowance for Doubtful Accounts of $9.720. During the period, it had net credit sales of $864,000 and collections of $824,040. It wrote off as uncollectible accounts receivable of $7,884. Uncollectible accounts are estimated to total $27,000 at the end of the period (Omit recording cost of goods sold.) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses es. (451) Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts $