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Current Attempt in Progress At the beginning of the current period, Crane Company had balances in Accounts Receivable of 220,000 and in Allowance for
Current Attempt in Progress At the beginning of the current period, Crane Company had balances in Accounts Receivable of 220,000 and in Allowance for Doubtful Accounts of $9,200 (credit). During the period, it had net credit sales of $799,000 and collections of $766,000. It wrote off as uncollectible accounts receivable of $7,400. 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 $25,000 at the end of the period. (Omit cost of goods sold entries.) (e) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts 25000 eTextbook and Media
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