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Current Attempt in Progress At the beginning of the current period, Windsor Corp. had balances in Accounts Receivable of $200,600 and in Allowance for
Current Attempt in Progress At the beginning of the current period, Windsor Corp. had balances in Accounts Receivable of $200,600 and in Allowance for Doubtful Accounts of $9,630 (credit). During the period, it had net credit sales of $770,000 and collections of $746,470. It wrote off as uncollectible accounts receivable of $7.481. However, a $2,870 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $22,900 at the end of the period. (Omit cost of goods sold entries) (a-d) Your answer is correct. (c) (d) 3299 (a) (b) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the entries to record the recovery of the uncollectible account during the period. Prepare the entry to record bad debt expense for the period.
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