$7$ EOC Graded Assignment

$-11$

Question $8$ of $8$

At the beginning of the current period, Wildhorse Co$.$ had balances in Accounts Receivable of $$228,000$ and in Allowance for Doubtful accounts receivable of $$8,322.$ Uncollectible accounts are estimated to total $$28,500$ 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$.(45).)$

Assets

Liabilities

Allow, For

Cash

Accts. Rec.

Doubtful Accts

$\frac{-}{1}$

uestion $8$ of $8$

$($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Beg. Bal. $ $$ $

$

$($a$)$

$$

$$

$($b$)$

$$

$($c$)$

eTextbook and Media

Attempts: $0$ of $3$ used

Question $8$ of $8$

$($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

eTextbook and Media

Attempts: $0$ of $3$ used

$\frac{?}{1}$

ra negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Stockholders' Equity

Retained Earnings

Rev.

Exp.

$$ $

$ $$ Sales returns & allowances

Cost of goods sold

$$ Bad debt expense

Sales revenue

Accounts receivable

Attempts: $0$ of $3$ used