Sense 8.03 (Part Level Submission) At the beginning of the current period, Kingbird Corphed balance in Accounts Receivable of $190,000 and is lowance for Doubtful Aerounts of $50 (dt). During the peod, it had not credite of 5722,500 and collections of $705,960. It wrote off as uncollectible accounts receivable of $7.972. However, a $1,75 country written discotte 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) (ad) your answer is correct (a) Prepare the entries to record sales and collection during the period (6) Prepare the entry to record the write-off of uncollectible onts during the period Prepare the entines to record the recovery of the uncollectible account during the period (0) Prepare the entry to record bad debt for the period (Croit account titles are automatically indented when amount is entered. Do not indent manually No Account Tiles and Explanation Det Credit (a) concevable 732500 722500 Sales (To records TO0040 Account Recova HO What is the net realizable value of the receivables at the end of the period? Net realizable value of the receivables at the end of the period $ CALCULATE Exerc 18 03 (Part Level Submission) At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable 132,800 and in Alware for Douth Accounts of 3.520 (credit). During the period, thader of $422.500 and collections of $700,940. It wrote off as uncollectible accounts receivable of 23 Howeves 1,275 account previously written off as colectibles recovered for the end of the current period. Incollectible accounts are estimated to total 523.740 at the end of the promotes odernes (d) Your answer correct (a) Prepare the entries to record sales and collections during the end b) Prepare the entry to record the write-off of uncollectible accounts during the period Prepare the entries to record the recovery of the collectible con dong the mod (d) Prepare the entry to record bad debt expense for the period (Credit accountitles are automatically indented when neered. Do not inden) Sense 8.03 (Part Level Submission) At the beginning of the current period, Kingbird Corphed balance in Accounts Receivable of $190,000 and is lowance for Doubtful Aerounts of $50 (dt). During the peod, it had not credite of 5722,500 and collections of $705,960. It wrote off as uncollectible accounts receivable of $7.972. However, a $1,75 country written discotte 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) (ad) your answer is correct (a) Prepare the entries to record sales and collection during the period (6) Prepare the entry to record the write-off of uncollectible onts during the period Prepare the entines to record the recovery of the uncollectible account during the period (0) Prepare the entry to record bad debt for the period (Croit account titles are automatically indented when amount is entered. Do not indent manually No Account Tiles and Explanation Det Credit (a) concevable 732500 722500 Sales (To records TO0040 Account Recova HO What is the net realizable value of the receivables at the end of the period? Net realizable value of the receivables at the end of the period $ CALCULATE Exerc 18 03 (Part Level Submission) At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable 132,800 and in Alware for Douth Accounts of 3.520 (credit). During the period, thader of $422.500 and collections of $700,940. It wrote off as uncollectible accounts receivable of 23 Howeves 1,275 account previously written off as colectibles recovered for the end of the current period. Incollectible accounts are estimated to total 523.740 at the end of the promotes odernes (d) Your answer correct (a) Prepare the entries to record sales and collections during the end b) Prepare the entry to record the write-off of uncollectible accounts during the period Prepare the entries to record the recovery of the collectible con dong the mod (d) Prepare the entry to record bad debt expense for the period (Credit accountitles are automatically indented when neered. Do not inden)
