Question: Show Attempt History Current Attempt in Progress At the beginning of the current period, Vaughn Manufacturing had balances in Accounts Receivable of $216,000 and in

 Show Attempt History Current Attempt in Progress At the beginning of

Show Attempt History Current Attempt in Progress At the beginning of the current period, Vaughn Manufacturing had balances in Accounts Receivable of $216,000 and in Allowance for Doubtful Accounts of $9,720. During the period, it had net credit sales of $864,000 and collections of $824,040. It wrote off as uncollectible accounts receivable of $7,884. Uncollectible accounts are estimated to total $27,000 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 e.g.-45 or parentheses e.g. (45).) Assets Liabilitie Allow. For Cash Accts. Rec. Doubtful Accts Beg. Bal. $ $ 216,000 $ (a) 864,000 -824.040 (b) -7884 (c) e Textbook and Media Save for Later Last saved 21 seconds ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes

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