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Exercise 8-3 At the beginning of the current period, waterway Industries had balances Aocounts Receivable of $190,800 and in Alowanoe for Doubtful of $9.67 (onedt).

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Exercise 8-3 At the beginning of the current period, waterway Industries had balances Aocounts Receivable of $190,800 and in Alowanoe for Doubtful of $9.67 (onedt). Dunng the penod, it had net oredit sales of s730,Boo and collections of $749,620. It wrote off as uncollectible accounts recevable of $7,5 However, a $3.339 account previously written off as uncollectible was recovered before the end of the ourrent period. uncollectible accounts are estimated to total s23.000 at the end of the penod. (omt cost of goods sold entres.) (a) Prepare the entries to record sales and collections during the penod. (b) Prepare the entry to record the write-om uncolectible accounts during the penod (c) Prepare the entres to record the recovery of the uncollectible account dunng the penod. (d) Prepare the entry to record bad debt for the penod. (credit account titles are automatically indented when amount entered. De not inderal manually. No Acount and Explanatlon To record sales) (b) TOSHIBA

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