parts one and two

URCES At the beginning of the current period, Emler Corp. had balances in Accounts Receivable of $200,000 and in Alowance for Doubtful Accounts of $9,000 (credit). During the period, it had net credit sales of $650,000 and collections of $590,000. It wrote off as uncollectible accounts receivable of $5,000. However, a $3,000 acceunt previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $20,000 at the end of the period. Test and Prepare the entries to record sales and collections during the periad Prepare the entry to record the write-off of uncolectible accounts during the period. (a) (b) Prepare the entries to record the recovery of the uncoilectible account during the period. (c) Prepare the entry to record bad debts expense for the period (d) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation (a) (To record sales on account) 24 (To record collection of sccounts receivable)e (e) by Study (To reverse write-off of account) (To recond collection) (d) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balances Accounts Receivable Allowance for Doubtful Accounts Calculate the net realizable value of the receivables at the end of the period Net realizable value of receivables is Question Attempts: 0 of 1 used SAVE FOR