RCES Exercise 3-03 (Part Level Submission) At the beginning of the current period, Teal Mountain Corp. had balances in Accounts Receivable of $211,200 and in Allowance for Doubtful Accounts of $9.490 During the period, it had net credit sales of $304,300 and collections of $839.040. It wrote off as uncollectible accounts receivable of $7.902. However, a $3,002 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $22,760 end of the period. (Omit cost of goods sold entries.) ( ad) Your answer is partially correct. Try again. (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. by Study (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit No. Account Titles and Explanation (a) Accounts Receivable Sales Revenue B04300 (To record sales) Accounts Receivable 839040 (To record sales) Cash 839040 00068 Accounts Receivable (To record cash received) (b) Allowance for Doubtful Accounts Accounts Receivable 7902 O 1 (c) Accounts Receivable CODE Allowance for Doubtful Accounts (To reinstate account previously written off) Tcash ILI 1 NINI m O TITIT I TL Accounts Receivable (To record cash received) (d) Bad Debt Expense 17810 Allowance for Doubtful Accounts Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. ey Study Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts