Current Attempt in Progress At the beginning of the current period, Kingbird, Inc. had balances in Accounts Receivable of $240,000 and in Allowance for Doubtful Accounts of $10,800. During the period, it had net credit sales of $960,000 and collections of $915,600. It wrote off as uncollectible accounts receivable of $8,760. Uncollectible accounts are estimated to total $30,000 at the end of the period. (Omit recording cost of 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 6.8. -45 or parentheses e.g. (451) Assets Liabilities Cash Allow. For Doubtful Accts Accts. Rec. Beg. Bal. $ $ $ (a) (b) (c) e Textbook and Media 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).) Stockholders' Equity Retained Earnings Exp. Common Stock Rev. $ $ Cos of goods sold Sales revenue Accounts receivable Bad debt expense Sales returns & allowances e Textbook and Media TO X W P ))) MacBook Pro