estion 3 of 6 6/18 Accounts Kecervapte (c) Accounts Recelvable 3070 Allowance for Doubtful Accounts 3070 (To reinstate account previously written off) Cash 3070 Accounts Receivable 3070 (To record cash received) (d) \begin{tabular}{|l|} \hline Bad Debt Expense \\ \hline Allowance for Doubtful Accounts \\ \hline \end{tabular} 18423 18423 Attempt (f) Whatis the net realizable value of the receivables at the end of the period? Net realizable value of the receivables at the end of the period $ No. Account Titles and Explanation Debit Credit (a) Accounts Receivable Sales Revenue (To record sales) Cash Accounts Receivable \begin{tabular}{|l|} \hline 206,700 \\ \\ \\ \\ \end{tabular} (To record cash received) (b) Allowance for Doubtful Accounts \begin{tabular}{|c|c|} \hline 7063 & \\ \hline & 2083 \\ \hline 3070 & \\ \hline & 3070 \\ \hline \end{tabular} (c) Accounts Receivable Allowance for Doubtilut Accounts (To reinstate account previously written off) Cash 3070 At the beginning of the current period, Metlock Corp. had balances in Accounts Receivable of $204,500 and in Allowance for Doubtful Accounts of $8,620 (credit). During the period, it had net credit sales of $836,300 and collections of $706,700. It wrote off as uncollectible accounts receivable of $7,063. However, a $3,070 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,050 at the end of the period. (Omit cost of goods sold entries.) (ad) Your answer is correct (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. (Credit account tities are outomatically indented when amount is entered, Do not indent manually.) * Your answer is incorrect. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts