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Exercise 8-3 At the beginning of the current period, Sunland Company had balances in Accounts Receivable of $201,700 and in Allowance for Doubtful Accounts of

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Exercise 8-3 At the beginning of the current period, Sunland Company had balances in Accounts Receivable of $201,700 and in Allowance for Doubtful Accounts of $9,590 (credit). During the period, it had net credit sales of $875,700 and collections of $796,820. It wrote off as uncollectible accounts receivable of $7.410. However, a $2,808 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,830 at the end of the period. (Omit cost of goods sold entries.) 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 (a) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (To record sales) To reinstate account previously writzen off) To reinstate account previously written off) uiRK TO TEXT LIRK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR tXERasE Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts uNETO TEXT LINK TO TEXT what is the net realizable value of the recelvables at the end of the period? The net realizable value of the receivables at the end of the periad Click if you would like to Show Work for this question LINK TO TEXT uNK To rtXT Question Attempts: Unlimited SAVE FOR LATE SUBKITA

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