Exercise 246 At the beginning of the current period, Emler Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000. During the period, it had net credit sales of $650,000 and collections of $590,000. It wrote off as uncollectible accounts receivable of $5,000. Uncollectible accounts are estimated to total $20,000 at the end of the priod. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period (c) Record bad debts expense for the period. Enter the beginning balances for Accounts Receivables and Allowance for Doubtful Accounts in a tabular summary for record transaction (a), (b) and (c). (Enter negative amounts using either a negative sign preceding the number e.g.-15 or parentheses e.g. (45).) Assets Allow, For Retained Earnings AccountsDoubt. Receivable Accounts + Payable Cash Accounts Common Stock Rev.Exp.Div. Beg. Bal Sales revenue Bad debts expense Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts Ending balances Accounts Receivable Allowance for Doubtful Accounts Calculate the net realizable value of the recelvables at the end of the period. Net realizable value of receivables is Click if you would like to Show Work for this question: Open Show Work Question Attempts: O of 2 used