Exercise 8-9 Analyzing receivables and allow Allowance for Doubtful Accounts 2,900 Accounts Recelvable Dec. 31/19 Balance Dec. 31/19 Balance 3,650 83,000 470,000 503,000 3,650 260 260 260 3.100 2.610 Dec. 31/20 Balance Dec. 31/20 Balance 46,350 Required Analyzing the information presented in the T-accounts above, identify the dollar value related to each of the following: a. Credit sales during the period. b. Collection of credit sales made during the period. c. Write-off of an uncollectible account. d. Recovery of the account previously written off. e. The adjusting entry to estimate bad debts. 4 5 Allowance for Doubtful Accounts 6 Accounts Recelvable Dec.31/19 balance $ 83,000 470,000 $ Dec. 31/19 2,900 balance 7 $ 8 503,000 3,650 260 260 9 TO 260 $ 3,650 3,100 Dec. 31/20 2,610 balance 11 Dec. 31/20 balance $ $ 12 46,350 13 15 16 Analyzing the information presented in the T-accounts above, identify the dollar value related to each of the following: Please show your work. 12 18 a) Credit sales during the period? 128 JX A B D E F 19 20 a) Credit sales during the period? 21 22 23 24 b) Collection of credit sales made during the period? 25 28 29 c) Write-off of an uncollectible account? ay Recovery of the account previously written off? 350 37 35 39 e) The adjusting entry to estimate bad debts? 42 45