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Current Attempt in Progress At the beginning of the current period, Swifty Ltd. had balances in Accounts Receivable of 247,000 and in Allowance for
Current Attempt in Progress At the beginning of the current period, Swifty Ltd. had balances in Accounts Receivable of 247,000 and in Allowance for Doubtful Accounts of 9,500 (credit). During the period, it had net credit sales of 815,000 and collections of 774,250. It wrote off as uncollectible accounts receivable of 6,300. However, a 3,200 account previously written off as uncollectible was recovered before. the end of the current period. Uncollectible accounts are estimated to total 24,500 at the end of the period. (Omit cost of goods sold entries.)
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