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Current Attempt in Progress At the beginning of the current period, Novak Corp. had...

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Accounting

Current Attempt in Progress
At the beginning of the current period, Novak Corp. had balances in Accounts Receivable of $204,000 and in Allowance for Doubtful Accounts of $9,180. During the period, it had net credit sales of $816,000 and collections of $778,260. It wrote off uncollectible accounts receivable of $7,446. Uncollectible accounts are estimated to total $25,500 at the end of the period. (Omit recording cost of goods sold.)
(a-c)
Your answer is partially correct.
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.
Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.
Increases in expenses require a negative sign or parentheses.
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