Question is in the second pic, thanks!
CALCULATOR PRINTER VERSION BACK NEXT Exercise 8-4 (Part Level Submission) At the beginning of the current period, Crane Company had balances in Accounts Receivable of $192,800 and in Allowance for Doubtful Accounts of $8,520 (credit). During the period, it had credit sales of $722,500 and collections of $708,940. It wrote off as uncollectible accounts receivable of $7,972. However, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $22,740 at the end of the period. (Omit cost of goods sold entries.) (a-d) Your answer is correct. (w) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. 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.) (a) Accounts Receivable Sales Revenue O 2500 (To record sales) Teash 709939 Accounts Receivable D 700 (To record collection) (b) Mlowance for Doubtful Account T accounts Receivable Accounts Receivable 3273 Allowance for Du c (to reinstate account previously written o) Accounts Receivable (to record collection) Bad Debt Expense Allowance for Doubtful Accounts Click of you would like to show work for this question Open Show Work HOW T F ACCOUNTS (e) Your answer is correct. Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable 198388 Ending balance in Allowance for Doubtful Accounts 22740 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Attempts: 2 of 15 used (f) 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 $ Click if you would like to Show Work for this question: Open Show Work