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Exercise 3-03 At the beginning of the current period, Spish Brothers Corp, had balances in Accounts Receivable or $190,800 and in Allowance for Doubtful Accounts

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Exercise 3-03 At the beginning of the current period, Spish Brothers Corp, had balances in Accounts Receivable or $190,800 and in Allowance for Doubtful Accounts of $9,670 (credit). During the period, it had net credit sales of 5730,800 and collections of $749,620. It wrote off as uncollectible accounts receivable of $7,511. However, 53,339 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,000 at the end of the period. (Omit cost of goods sold entries.) (a) Prepare the entries to record sales and collections during the period (D) 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 accountries are automatically indented when amount entered. Do not indent manually No. Account Tities and Explanation Debit Credit (To records) To record cash received) (To record cash received) (d) Bad Debt Expense 4172 Allowance for Doubtful Accounts 4172 x Your answer is incorrect. Try again. What is 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

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