Exercise 8-9 Analyzing receivables and allowance for doubtful accounts LO1, 2, 3 Dec. 31/19 Balance Accounts Receivable 88,000 520,000 310 558,000 4,050 310 Dec. 31/20 Balance 45,950 Allowance for Doubtful Accounts 2,870 Dec. 31/19 Balance 310 4,050 3,600 2,730 Dec. 31/20 Balance Required: Analyzing the information presented in the T-accounts above, identify the dollar value related to each of the following: a. Credit sales during the period. b. Collection of credit sales made during the period. c. Write-off of an uncollectible account. d. Recovery of the account previously written off. e. The adjusting entry to estimate bad debts. Dollar value a. Credit sales during the period. $ 608,000 b. Collection of credit sales made during the period. $ 42,045,300 c. Write-off of an uncollectible account. $ 305,168 d. Recovery of the account previously written off. $ 23,359 e. The adjusting entry to estimate bad debts. $ 271,260