Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. No. Account Titles and Explanation Debit Credit (a) Accounts Reccivable 739000 Sales Revenue 739000 (To record sales) Cash 813450 Accounts Receivable (To record collection) (b) Allowance for DoubtfulAccounts 7198 813450 Accounts Receivatie (c) Accounts Receivable 2978 Allowance for Doubtiul Accounts (To reinstate account previously written off) Cash 2978 Accounts Receivable 2978 What is the net realizable value of the receivables at the end of the period? eTextbook and Media At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had net credit sales of $739,000 and collections of $813,450. It wrote off as uncollectible accounts receivable of $7,198. However, a $2,978 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $26,810 at the end of the period. (Omit cost of goods sold entries.) Your answer is correct