Question 1 of 4 Sheridan Enterprises Inc. has the following account balances at December 31, 2022: Cash in bank savings account $63,020 Cash on hand 13,640 Cash refund due re: overpayment of income tax 28,900 Chequing account balance 18,860 420 Postdated cheques from Yu Corporation Guaranteed investment certificate (180 days to maturity) Credit card balance owed by Sheridan 82,800 4,600 (a) What amount should Sheridan report as cash and cash equivalents at December 31? Cash $ Save for Later Using multiple attempts will impact your score. 50% score reduction after attempt 1 -/15 View Policies Current Attempt in Progress At the beginning of the current period, Pukalani Enterprises Ltd. had balances in Accounts Receivable of $ 2,100,000 and in Allowance for Doubtful Accounts of $ 143,000 (credit). During the period, Pukalani had credit sales of $ 4,314,000 with cost of goods sold of 3.131.000 and collections of $ 5,226,000. It wrote off $ 182,000 of accounts receivable. However, a $ 27,000 account written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $ 85,000 at the end of the period. (a) Prepare the entries to record sales 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 for the amounts.) Account Titles and Explanation Debit Credit (To record sales) MacBook Air