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Doubtful Accounts of $8,600 (credit). During the period, it had net credit sales of $880,000 and collections of $836,000. It wrote off as uncollectible accounts

Doubtful Accounts of $8,600 (credit). During the period, it had net credit sales of $880,000 and collections of $836,000. It wrote off as uncollectible accounts receivable of $7,000. However, a $3,800 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,700 at the end of the period. (Omit cost of goods sold entries.) (a - d) Your answer has been saved. See score details after the due date. (a) (b) (c) (d) 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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Doubtful Accounts of $8,600 (credit). During the period, it had net credit sales of $880,000 and collections of $836,000. It wrote off as uncollectible accounts recelvable of $7,000. However, a $3,800 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,700 at the end of the period. (Omit cost of goods sold entries.) (a-d) Your answer has been saved. See score details after the due date. (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period, (d) Prepare the entry to record bad debt expense for the period. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts

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