Exercise 8-03 (Part Level Submission) At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $211,000 and in Allowance for Doubtful Accounts of $8,910 (credit). During the period, it had not credit sales of $777,300 and collections of $764,980. It wrote off as uncollectible accounts receivable of $8,009. However, a $2,977 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23,630 at the end of the period. (Omit cost of goods sold entries.) (a-d) El your answer is partially correct. Try again. (a) Prepare the entries to record sales and collections during 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 titles are automatically indented when amount is entered. Do noe indet manually.) No. Account Titles and Explanation Debit Credit a) Accounts Receivable 777,300 E Sales Revende 727.300 (To record sales) Cash 754.900 7790 Accounts Receivable To record cash received (To record cash received) (b) Allowance for Doubtful Accounts 8009 Accounts Receivable 8009 (C) Accounts Receivable 2977 Allowance for Doubtful Accounts 2977 (To reinstate account previously written off) Cash 2977 Ea K Accounts Receivable 2977 (To record cash received) (d) Bad Debt Expense 20653 Allowance for Doubtful Accounts 20653