At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000...

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At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit). During the period, it had credit sales of $800,000 and collections of $763,000. It wrote off as uncollectible accounts receivable of $7,300. However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period. (Omit cost of goods sold entries.) Your answer is correct. (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. (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 O for the amounts.) No. Account Titles and Explanation (a) Atcounts Rece Debit Credit 00000 23 No. Account Titles and Explanation Debit (a) Accounts Receivable Sales Revenue (To record sales) Cash 800000 Credit 500000 763000 763000 Accounts Receivable (To record collection) (b) Allowance for Doubel Accounts Accounts Receivable 2300 P (c) Accounts Receivable, Allowance for Doubt Accounts (To reinstate account previously written off) Cash 2100 100 22300 C 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 X Your answer is incorrect What is the net realizable value of the receivables at the end of the period? X Your answer is incorrect. What is the net realizable value of the receivables at the end of the period? The net realizable value of the receivables at the end of the period eTextbook and Media List of Accounts At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit). During the period, it had credit sales of $800,000 and collections of $763,000. It wrote off as uncollectible accounts receivable of $7,300. However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period. (Omit cost of goods sold entries.) Your answer is correct. (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. (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 O for the amounts.) No. Account Titles and Explanation (a) Atcounts Rece Debit Credit 00000 23 No. Account Titles and Explanation Debit (a) Accounts Receivable Sales Revenue (To record sales) Cash 800000 Credit 500000 763000 763000 Accounts Receivable (To record collection) (b) Allowance for Doubel Accounts Accounts Receivable 2300 P (c) Accounts Receivable, Allowance for Doubt Accounts (To reinstate account previously written off) Cash 2100 100 22300 C 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 X Your answer is incorrect What is the net realizable value of the receivables at the end of the period? X Your answer is incorrect. What is the net realizable value of the receivables at the end of the period? The net realizable value of the receivables at the end of the period eTextbook and Media List of Accounts