Exercise 221 At the beginning of the current period, Splish Brothers Inc. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $11,000 (credit). During the period, it had net credit sales of $699,000 and collections of $565,000. It wrote off as uncollectible accounts receivable of $5.700. However, a $3,400 account previously written off as unc l e was recovered before the end of the current period. Uncollectible accounts are estimated to total $27,000 at the end of the period (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 debts expense for the period. (Credit account ttles are automatically indented when the amount is entered Dent a lly No. Account Tities and Explanation Debit Credit (To record sales on account) To record collection of control ) (To reverse write-off of account) (To record collection) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts Ending balances Accounts Receivable Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS Calculate the net realizable value of the receivables at the end of the period Net realizable value of receivables is SHOW LIST OF ACCOUNTS