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Current Attempt in Progress

At the beginning of the current period, H$55$ Corporation had balances in Accounts Receivable of $$196,000$ and in Allowance for

Expected Credit Losses of $$9,000($credit$).$ During the period, $H55$ had credit sales of $$784,000$ and collections on account of

$$748,100.$ H$55$ expects a return rate of $5\%.$ H$55$ uses a perpetual inventory system and determined that the cost of goods sold during

the period was $$656,600.$ H$55$ wrote off as uncollectible, accounts receivable of $$7,400.$ However, a $$3,300$ account previously

written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $$24,500$

at the end of the period.

$($a$)$

Prepare the entries to record sales, cost of goods sold, and collections during the period. $($List all debit entries before credit entries.

Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry"

for the account titles and enter $0$ for the amounts.$)$