On January 1, 2025, Kingbird Corporation started the year with a balance in Accounts Receivable of $140,000 and a credit balance in Allowance for Doubtful Accounts of $7,800. During 2025, the company had total sales of $550,000; 70% of these sales were credit sales. Collections (not including the cash sales) during the period were $415,000. Kingbird wrote off as uncollectible accounts receivable of $8,000. In addition, an account of $700 that was previously written off an uncollectible was recovered during the year. Uncollectible accounts are estimated to be 5% of the end-of-year 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 0 for the amounts.) Account Titles and Explanation (To record sales) (To record collection of accounts receivable) Debit Credit

On January 1,2025, Kingbird Corporation started the year with a balance in Accounts Recelvable of $140,000 and a credit balance in Allowance for Doubtful Accounts of $7.800. During 2025 , the company had total sales of $550,000,70% of these sales werecredit sales. Collections (not including the cash sales) during the period were $415,000. Kingbird wrote off as uncollectible accounts receivable of $8,000. In addition, an account of $700 that was previously written off an uncollectible was recovered during the year. Uncollectible accounts are estimated to be 5% of the end-of-year 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 mantally. If no entry is required, sefect "No Entry" for the account titles and enter O for the amounts.)