View Policies Current Attempt in Progress At the beginning of the current period. Novak Corp. had balances in Accounts Receivable of $256,000 and in Allowance for Doubtful Accounts of $11,520. During the period, it had net credit sales of $1,024,000 and collections of $976,640. It wrote off as uncollectible accounts receivable of $9.344. Uncollectible accounts are estimated to total $32,000 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. Assets Liabilit Allow. For Cash + Accts. Rec. Doubtful Accts Beg. Bal. $ CA $ (a) (b) (c) Save for Later Attempts: 0 of 3 used Submit Answer Liabilities + Stockholders' Equity Retained Earnings + Common Stock Rev. Exp. $ $ $ Save for Later Attempts: 0 of 3 used Submit Answer Rev. Exp. $ Accounts receivable Sales revenue Sales returns & allowances Cost of goods sold Bad debt expense Attempts: 0 of 3 used Submit