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Question 1 of 3 View Policies At the beglining of the current period, Marigold Corp, had balances in Accounts Receivabie of 203,000 and in Allowance
Question 1 of 3 View Policies
At the beglining of the current period, Marigold Corp, had balances in Accounts Receivabie of 203,000 and in Allowance for. Doubtful Accounts of $8,600 (ered t), Ouring the period, it had net credit saies of $805,000 and collections of $756,000. it wrote off as uncollectbile accounts recelvabie of $6,600. However, a $3,100 account prevlously written off as uncoliectible was recovered befors the end of the current perlod Uncoliectible accounts are estimated to total $25,000 at the end of the period, (Omit cost of goods sold entries.) (a)(d) (a) Prepare the entries to record a les and collections during the period. (b) Prepare the entrv to record the write off af ancoliectible accounts during the period (c) Propare the entries to record the recovery of the uncollect ble account durine the period. (a) - Prepare the entry ta recard bad debt expeme for the neriod. ICrndit accosunt tities are automatically indented when amosint is entered, Do not indent manually. If no entry is reaquired, select "No EntryStep by Step Solution
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