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Exercise 3-03 At the beginning of the current period, Splish Brothers Corp. had balances in Accounts Receivable of $190,000 and in Allowance for Detit Accounts of 59,670 (creo). During the period, it had ne credit sales of $730,800 and collections of $749,620. It wrote off as uncollectible accounts receivable of 57,511. However, 53,339 account previously written oftas uncollectible was recovered before the end of the current period Uncollectible accounts are estimated to total $23.000 at the end of the period. Omit cost of goods sold entries) Your answer is partially correct. Try again. (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the writer 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 amount is entered De net inden maaily) Cash 749620 > Accounts Receivable 749620 (To record cash received) > b) Allowance for Doubtful Accounts > 7511 c) Accounts Receivable 3339 Allowance for Doubtful Accounts - 3339 (To reinstate account previously written off) Cash 3339 Accounts Receivable 3339 (To record cash received) d) Bad Debt Expense 4172 Allowance for Doubtful Accounts 4172 SHOW LIST OF ACCOUNTS LINK TO TEXT LAU Your answer is incorrect. Try again. What is the net realizable value of the receivables at the end of the period? Net realizable value of the receivables at the end of the period Click If you would like to Show Work for this question: Open Show Work

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