Exercise 3-03 At the beginning of the current period, Teal Mountain Corp. had balances in Accounts Receivable of $200,900 and in Allowance for Doubtful Accounts of $9,080 (credit). During the period, it had net credit sales of $787,700 and collections of $755,55O. It wrote off as uncollectible accounts receivable of $7,106. However, a $3,300 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,450 at the end of the period. (Omit cost of goods sold entries.) (a) Prepare the entries to record sales and collections dunng 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 automatically indented when amount is entered. Do not fedent manually.) No. Account Titles and Explanation Debit Credit (To record sales) A CAL (To record sales) (To record cash received) (b) (c) (To reinstate account previously written oft) 7 (To record cash received) (d) CALCULATOR ES (To record cash received) (d) SHOW LIST OF ACCOUNTS Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS 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