ment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 6-8 At the beginning of the current period, Vaughn Manufacturing had balances in Accounts Receivable of $186,800 and in Allowance for Doubtful Accounts of $9,680. During the period, it had net credit sales of $872,700 and collections of $697,700. It wrote off as uncollectible accounts receivable of $6,866. Uncollectible accounts are estimated to total $24,470 at the end of the period. (Omit recording cost of goods sold.) 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 e.g. -45 or parentheses e.g. (45).) Assets = Liabilities + Stockholders' Equity Allow. For Retained Earnings Cash + Accts. Rec. - Doubtful Accts = + Common Stock + Rev. Exp. Beg. Bal. $ $ $ $ $ $ (a) (b) (c) v Activate Windows WH