At the beginning of the current period, Waterway Industries had balances in Accounts Receivable of $232,000...

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At the beginning of the current period, Waterway Industries had balances in Accounts Receivable of $232,000 and in Allowance for Doubtful Accounts of $10,440. During the period, it had net credit sales of $928,000 and collections of $885,080. It wrote off as uncollectible accounts receivable of $8,468. Uncollectible accounts are estimated to total $29,000 at the end of the period. (Omit recording cost of goods sold.) (a-c) Your answer is correct. 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 eg. -45 or parentheses eg. (45).) (d) Beg Bal (a) (b) (c) S eTextbook and Media Your answer is correct Cash Assets Accts. Rec. 232000 S 928000 885080 (685080) (8468) Allow. For Doubtful Accts (10440) 8468 I (27028) Attempts: 2 of 3 used Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45)) Ending balance in Accounts Receivable 266452 Ending balance in Allowance for Doubtful Accounts $ -29000 (e) eTextbook and Media 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 $ Attempts: 2 of 3 used At the beginning of the current period, Waterway Industries had balances in Accounts Receivable of $232,000 and in Allowance for Doubtful Accounts of $10,440. During the period, it had net credit sales of $928,000 and collections of $885,080. It wrote off as uncollectible accounts receivable of $8,468. Uncollectible accounts are estimated to total $29,000 at the end of the period. (Omit recording cost of goods sold.) (a-c) Your answer is correct. 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 eg. -45 or parentheses eg. (45).) (d) Beg Bal (a) (b) (c) S eTextbook and Media Your answer is correct Cash Assets Accts. Rec. 232000 S 928000 885080 (685080) (8468) Allow. For Doubtful Accts (10440) 8468 I (27028) Attempts: 2 of 3 used Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45)) Ending balance in Accounts Receivable 266452 Ending balance in Allowance for Doubtful Accounts $ -29000 (e) eTextbook and Media 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 $ Attempts: 2 of 3 used