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he current period, Kingbird, Inc. had balances in Accounts Receivable of $200,900 and in Allowance for Doubtful Accounts of $9,080 (credit). During the net credit
he current period, Kingbird, Inc. had balances in Accounts Receivable of $200,900 and in Allowance for Doubtful Accounts of $9,080 (credit). During the net credit sales of $787,700 and collections of $755.5 was recovered before the end of the current period. Uncollectible accounts are esti 50. It wrote off as uncollectible accounts receivable of $7,106. However, a $3,300 account previously written off as uncollectible imated to total $23,450 at the end of the period.(Omit cost of goods sold entries) (a) (b) (c) (d) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the Prepare the entry to record bad debt expense for the period. entries to record the recovery of the uncollectible account during the period. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit To record sales) No. Account Titles and Explanation Debit Credit To record sales) To reinstate account previously written off) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts eTextbook and Media What is the net realizable value of the receivables at the end of the period? The net realizable value of the receivabl les at the end of the period eTextbook and Media
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