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i need to know D. thank you (: WileyPlus-ACCT200-010 (20): INTRO ACCOUNTING-HINA... Homework Chapter B (Acets Red) NWP A 8 (Accts Rec) Question 8 of

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WileyPlus-ACCT200-010 (20): INTRO ACCOUNTING-HINA... Homework Chapter B (Acets Red) NWP A 8 (Accts Rec) Question 8 of 10 0.97/1 !!! Current Attemptin Progress At the beginning of the current period, Swifty Corporation had balances in Accounts Receivable of $290,000 and in Allowance for Doubtful Accounts of $15,000 (credit). During the period, it had net credit sales of $710,000 and collections of $584,000. It wrote off as uncollectible accounts receivable of $6,400. However, a $3,800 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. Your answer is partially correct. (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 entries to record the recovery of the uncollectible account during the period. Prepare the entry to record bad debts expense for the period. Debit No. Account Titles and Explanation (a) Accounts Receivable Credit 710,000 Sales Revenue 710,000 (To record sales on account) Cash 584,000 Accounts Receivable 584,000 (To record collection of accounts receivable) (b) Allowance for Doubtful Accounts 6.400. Accounts Receivable 6,400 (c) Accounts Receivable 3,800 Allowance for Doubtful Accounts 3.800 (To reverse write-off of account) Cash 3,800 Accounts Receivable 3,800 (To record collection) (d) Bad Debt Expense Allowance for Doubtful Accounts

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