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Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and

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Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below. Record sales and collections during the period (b) Record the write-off of uncollectible accounts during the period, (c) Record bad debt expense for the period. (a) want to up saved in y Keychain for 123hotmi ww.chegg.co (Enter negative amounts using either a negative sin preceding the number 6.3. -45 or parentheses es. (453) pdate Pas Assets Liabilitie Not Now Cash Allow. For Doubtful Acets Accts. Rec Bal $ $ 160000 $ 7200 540000 610100 010100 -5840 18640 Trithm Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the numbel e.3.-45 or parentheses e.g. (45).) Stockholders' Equity Retained Earnings Exp. non Stock Rev. $ i 640000 Sales revenue Bad debt expense At the beginning of the current period, Crane Company had balances in Accounts Receivable of $160,000 and in Allowance for Doubtful Accounts of $7,200. During the period, it had net credit sales of $640,000 and collections of $610,400. It wrote off as uncollectible accounts receivable of $5,840. Uncollectible accounts are estimated to total $20,000 at the end of the period. (Omit recording cost of goods sold.) (a-c) Your answer is partially correct. Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b) and (c) below. Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number e.g. - 45 or parentheses e.s. (45).)

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