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Exercise 6-8 (Part Level Submission) At the beginning of the current period, Temarisk, Ine, had balances in Accounts Receivable of $187,100 and in Allowance for
Exercise 6-8 (Part Level Submission) At the beginning of the current period, Temarisk, Ine, had balances in Accounts Receivable of $187,100 and in Allowance for Doubtful Accounts of $8,500. During the period, it had net credit sales of $767,100 and collections of $699,230. It wrote off as uncollectible accounts receivable of $7,528. Uncollectible accounts are estimated to total $26,620 at the end of the period. (Omit recording cost of goods sold.) (a -c) Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below (a) Record sales and collections d uring the period. (b) Record the write-off of uncollectible accounts during the period (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Liabilities Stockholders' Equity Allow. For Retained Earnings Cash +Accts. Rec. Doubtful Accts +Common Stock+ Exp. Beg. Bal
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