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please show the steps Show Attempt History Current Attempt in Progress At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable
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Show Attempt History Current Attempt in Progress At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period. It had net credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period, Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.) - Your answer is partially correct. (a) Prepare the entries to record sales and collections during the period. (6) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period. (d) Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) Accounts Receivable 864300 sales 864300 (To record sales) My sa stalo Sacramento state (a) Accounts Receivable 864300 sales 864300 (To record sales) Cash 687,610 Accounts Receivable 687,610 (b) Allowance for Doubtful Accounts 6,804 Accounts Receivable, 6,804 (c) Accounts Receivable Allowance for Doubtful Accounts (To reinstate account previously written off) cash 3219 Accounts Receivable 18075 (d) Bad Debt Expense 18075 Allowance for Doubtful Accounts - Your answer is partially correct Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. 30804 Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts $ 24000 eTextbook and Media x Your answer is incorrect. What is the net realizable value of the receivables at the end of the period? The net realizable value of the receivables at the end of the period $ eTextbook and MediaStep by Step Solution
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