75 View Policies Current Attempt in Progress Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $139,000 11.370 944.000 908.000 5.300 1.800 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. (a) Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit (To record sales on account) (To record collection of accounts receivable) Save for Later Attempts: 0 of 2 used Submit Answer (b) Question 1 of 2 - 3 E View Policies Current Attempt in Progress On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1.301, Windsor, Inc. estimates that 8% of its accounts receivable balance of $97.300 will become uncollectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Windsor, Inc. determined that B. Jared's account was uncollectible and wrote off $1.120. On June 12, 2022, Jared paid the amount previously written off. Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12. 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To reinstate account previously written off) Attempts: 0 of 2 used Submit