Question
Current Attempt in Progress Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) $135,000 Allowance for doubtful accounts (beginning balance) 11,300 Net
Current Attempt in Progress Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) $135,000 Allowance for doubtful accounts (beginning balance) 11,300 Net credit sales 930,000 Collections 900,000 Write-offs of accounts receivable 5,000 Collections of accounts previously written off 1,600 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable. (a) Prepare the entries to record sales and collections during the period. (Credit account titles are autos amount is entered. Do not indent manually.) Account Titles and Explanation Debit (a) Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record sales on account) (To record collection of accounts receivable)
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