At the beginning of the current period, Whispering Winds Corp. had balances in Accounts Receivable...
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Accounting
At the beginning of the current period, Whispering Winds Corp. had balances in Accounts Receivable of $ and in Allowance for Doubtful Accounts of $credit During the period, it had net credit sales of $ and collections of $ It wrote off as uncollectible accounts receivable of $ However, a $ account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $ at the end of the period. Omit cost of goods sold entries. a Prepare the entries to record sales and collections during the period. b Prepare the entry to record the writeoff of uncollectible accounts during the period. c Prepare the entries to record the recovery of the uncollectible account during the period. d Prepare the entry to record bad debt expense for the period.
At the beginning of the current period, Whispering Winds Corp. had balances in Accounts Receivable of $ and in Allowance for Doubtful Accounts of $credit During the period, it had net credit sales of $ and collections of $ It wrote off as uncollectible accounts receivable of $ However, a $ account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $ at the end of the period. Omit cost of goods sold entries.
a Prepare the entries to record sales and collections during the period.
b Prepare the entry to record the writeoff of uncollectible accounts during the period.
c Prepare the entries to record the recovery of the uncollectible account during the period.
d Prepare the entry to record bad debt expense for the period.
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