part a

part b

part c

part d

part e

part f

At the beginning of the current period, Oak Corporation had balances in Accounts Receivable of $260,000 and in Allowance for Doubtful Accounts of $12,200 (credit). During the period, Oak had credit sales of $1,040,000 and collections on account of $992,900. Oak expects a return rate of 5%. Oak uses a perpetual inventory system and determined that the cost of goods sold during the period was $871,000. Oak wrote off as uncollectible, accounts receivable of $10,600. However, a $4,900 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $32,500 at the end of the period. a Prepare the entries to record sales, cost of goods sold, and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation (To record sales) (To record cost of goods sold) (To record collections) Prepare the entry to record the write- off of uncollectible accounts during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Prepare the entries to record the recovery of the uncollectible account during the period. (List all debit entries before credit entre Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entr for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To reverse write-off of account receivable) I (To record recovery of uncollectible amount) Prepare the entry to record bad debts expense for the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Using Taccounts, determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. (Post entries in the order of journal entries presented in the previous question.) Accounts RO 7 Allowance for Dou What is the carrying amount of the receivables at the end of the period? Carrying Amount of Receivables