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Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) $161,000 Allowance for doubtful accounts (beginning balance) 11,500 Net credit sales 934,000 Collections 907,000 Write-offs of accounts receivable 5,700 Collections of accounts previously written off 1,700 Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.

Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record sales on account) (To record collection of accounts receivable) SHOW LIST OF ACCOUNTS LINK TO TEXT

Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

Prepare the entries to record the recovery of the uncollectible account during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To reverse write-off of accounts receivable) (To record collection of accounts receivable) SHOW LIST OF ACCOUNTS LINK TO TEXT

Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. Ending balance in Accounts Receivable $ Unadjusted balance in Allowance for Doubtful Accounts $ SHOW LIST OF ACCOUNTS LINK TO TEXT

Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT

Determine the ending (adjusted) balance in Allowance for Doubtful Accounts. Ending (adjusted) balance in Allowance for Doubtful Accounts $ Click if you would like to Show Work for this question: Open Show Work

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