At the beginning of the current period, Sunland Company had balances in Accounts Receivable of...
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Accounting
At the beginning of the current period, Sunland Company had balances in Accounts Receivable of $208,000 and in Allowance for Doubtful Accounts of $9,360. During the period, it had net credit sales of $832,000 and collections of $793,520. It wrote off as uncollectible accounts receivable of $7,592. Uncollectible accounts are estimated to total $26,000 at the end of the period. (Omit recording cost of goods sold.) (ac) 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. At the beginning of the current period, Sunland Company had balances in Accounts Receivable of $208,000 and in Allowance for Doubtful Accounts of $9,360. During the period, it had net credit sales of $832,000 and collections of $793,520. It wrote off as uncollectible accounts receivable of $7,592. Uncollectible accounts are estimated to total $26,000 at the end of the period. (Omit recording cost of goods sold.) (ac) 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


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