Exercise 8-3 (Part Level Submission) At the beginning of the current period, Waterway Industries had balances in Accounts Receivable of $190,800 and in Allowance for Doubtful Accounts of $9,670 (credit). During the period, it had net credit sales of $730,800 and collection of $749,620. It wrote off as uncollectible accounts receivable of $7,511. However, a $3,339 account previously written off uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $23.000 at the end of the period. (Omit cost of goods sold entries.) (a-d) Your answer is correct. (a) Prepare the entries to record sales and collections during the period. (6) 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 not indent manually.) .) Accounts Receivable 730800 Sales Revenue 730800 (To record sales) Tcash 749620 Accounts Receivable 749620 (b) Allowance for Doubtful Accounts 7511 Accounts Receivable 7511 (c) Accounts Receivable 3339 3339 Allowance for Doubtful Accounts (To reinstate account previously written off) Cash 3339 1 Accounts Receivable 3339 (d) Bad Debt Expense 17502 Allausn for Dansk LAW Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts