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On January 1 , 2 0 2 5 , Teal Mountain Corporation started the year with a balance in Accounts Receivable of $ 1 5
On January Teal Mountain Corporation started the year with a balance in Accounts Receivable of $ and a credit
balance in Allowance for Doubtful Accounts of $ During the company had total sales of $; of these sales
were credit sales. Collections not including the cash sales during the period were $ Teal Mountain wrote off as uncollectible
accounts receivable of $ In addition, an account of $ that was previously written off an uncollectible was recovered during
the year. Uncollectible accounts are estimated to be of the endofyear Accounts Receivable balance. Omit cost of goods sold
entries.
a
Prepare the entries to record sales and collections during the period. Omit cost of goods sold entries.List all debit entries before
credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required,
select No Entry" for the account titles and enter for the amounts.
Account Titles and Explanation
Debit
Credit
To record sales
To record collection of accounts receivable
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