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At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of $$213,500$ ?and in Allowance for Doubtful Accounts of $$8,500($credit$).$ ?During the period, it had net credit sales of $$878,100$ ?and collections of $$704,650.$ ?It wrote off as uncollectible accounts receivable of $$7,543.$ ?However, $a$$$3,093$ ?account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $$24,950$ ?at the end of the period. $($Omit cost of goods sold entries.$)$

$(a-d)$

Your answer is correct.

$($a$)$ ?Prepare the entries to record sales and collections during the period.

$($b$)$ ?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.

$($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.$)$

No$.$ ?Account Titles and Explanation

Debit

Credit

$($a$)?$ ?Accounts Receivable

$$878,100$

Sales Revenue

$($To record sales$)$

$?$ ?Cash

Accounts Receivable

$($To record cash received$)$

$($b$)?$ ?Allowance for Doubtful Accounts

Accounts Receivable

$($c$)?$ ?Accounts Receivable

Allowance for Doubtful Accounts $?$

$($To reinstate account previously written off$)$

Cash

$?$

$?$

$$878,100?$

$?$

$q,$

$?$ ?$$704,650?$

$?$

$?$

$?$ ?$$704,650$

$?$

$?$

$?$

$?$

$?$

$?3093$ ?Attempts: unlimited

$($e$)$

Your answer is incorrect.

Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.

Ending balance in Accounts Receivable

Ending balance in Allowance for Doubtful Accounts

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Attempts: unlimited