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View Policies Current Attempt in Progress At the beginning of the current period, Coronado Industries had balances in Accounts Receivable of $204,000 and in Allowance
View Policies Current Attempt in Progress At the beginning of the current period, Coronado Industries had balances in Accounts Receivable of $204,000 and in Allowance for Doubtful Accounts of $9.180. During the period, it had net credit sales of $816,000 and collections of $778,260. It wrote off as uncollectible accounts receivable of $7,446. Uncollectible accounts are estimated to total $25,500 at the end of the period. (Omit recording cost of goods sold.) (a - c) Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b). and (c) below. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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