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CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 225 At the beginning of the current penod, Emier Corp. had balances in Accounts Receivable of $200,000 and in Alowance for Doubtful Accounts of $9.000 (credt). During the period $650,000 and collections of $500,000. It wrote off as uncollectible accounts receivable of $5,000. However, a $3,000 account previously written off as uncolectible was recovered before the end of the Current period. Uncollectible accounts are estimated to total $20,000 at the end of the pened. had met credit sales of (a (6) (e) (d) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the perod Prepare the entries to record the recovery of the uncollectible count during the period Prepare the entry to record bad debts expense for the period (Credit account titles are automatically indented when the amount is entered. Do not inder to. Account Titles and Explanation Cred To record sales on account) To record collection of accounts recevable 1:29 AM ent No. Account Titles and Explanation Debit Credit (To record sales on account) (To record collection of accounts receivable) (To reverse write-off of account) (To record collection) 9 a w OP DALL Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts. Ending balances Accounts Receivable Allowance for Doubtful Accounts Calculate the net realizable value of the receivables at the end of the period. Net realizable value of receivables is DLL

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