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On February 2 8 , Sandhill Company had accounts receivable in the amount of $ 4 2 8 , 2 6 0 and Allowance for

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On February 28, Sandhill Company had accounts receivable in the amount of $428,260 and Allowance for Doubtful Accounts had a credit balance of $2,099 before adjustment. Net credit sales for February amounted to $2,940,000. The credit manager estimated that uncollectible accounts would amount to 5% of accounts receivable. On March 10, an accounts receivable from Kathy Black for $5,978 was determined to be uncollectible and written off. However, on March 31, Black received an inheritance and immediately paid her past due account in full.
(a)
Your answer is correct.
Prepare the journal entries made by Sandhill Company on the following dates: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)
February 28
March 10
March 31
\table[[Date,Account Titles and Explanation,Debit,Credit],[Feb.28vv,Bad Debt Expense,19314,],[Allowance for Doubtful Accounts,,],[Mar.10vv,,,19314],[,,],[Accounts Receivable,,],[Mar.31vv,Accounts Receivable,,],[,,5978,]]
Mar. 10
Allowance for Doubtful Accounts
5978
Accounts Receivable
Accounts Receivable
5978
Allowance for Doubtful Accounts
(To reinstate an account previously written off)
Mar. 31
Cash
Accounts Receivable
(To record collection of payment)
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(b)
Assume no other transactions occurred that affected the allowance account during March. Determine the balance of Allowance
for Doubtful Accounts at March 31.
Balance of Allowance for Doubtful Accounts at March 31
$
Please help with part B!
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