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ey.com/was/ui/v2/assessment-player/index.html?launchid=a60a52c9-ec78-4c8f-832f-9357a5b80 apter 7 Question 12 of 12 0.28/1 At the beginning of the current period, Metlock, Inc. had balances in Accounts Receivable of $196,000 and

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ey.com/was/ui/v2/assessment-player/index.html?launchid=a60a52c9-ec78-4c8f-832f-9357a5b80 apter 7 Question 12 of 12 0.28/1 At the beginning of the current period, Metlock, Inc. had balances in Accounts Receivable of $196,000 and in Allowance for Doubtful Accounts of $8,820. During the period it had net credit sales of $784,000 and collections of $747,740. It wrote off as uncollectible accounts receivable of $7.154. Uncollectible accounts are estimated to total $24.500 at the end of the period. (Omit recording cost of goods sold.) (a-c) Your answer is partially correct Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. Record bad debt expense for the period. (c) (Enter negative amounts using either a negative sign preceding the numberes 45 or parentheses es (451) Assets Allow. For Cash Accts. Rec. Doubtful Accts Beg Bal $ 196000 $ 8,820 (a) 784000 747740 7477:40 (b) 7.154 (c)

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