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what is the net realizable value of the receivables at the end of the period? At the beginning of the current period, Splish Brothers Corp.
what is the net realizable value of the receivables at the end of the period?
At the beginning of the current period, Splish Brothers Corp. had balances in Accounts Rieceivable of $190.800 and in Allowance for Doubtful Accounts of 59,670 ferediti. During the periad, it had net credit sales of 5730,800 and collections of 5749,620 . it wrote off as uncollectible accounts receivable of $7,511. However, a $3,339 account previously written off as uncoliectible was recovered before the end of the current period. Uncollectible accounts are estimated to totai $23.000 at the end of the period. (Omit cost of goods sold entries.] Your answer is cotrect. (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. (Lhst all deblt entries before credit entries. Credit occount tities are autamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounte.] Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Ending balance in Allowance for Doubtful Accounts eTextbook and Media List of Accounts What is the net realizable value of the receivables at the end of the period Step by Step Solution
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