Answer Happy

iew Policies Current Attempt in Progress Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) $135,000 Allowance for doubtful accounts (beginning balance) 11,300 Net credit sales 930,000 Collections 900,000 Write-offs of accounts receivable 5,000 Collections of accounts previously written off 1,600 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable. (a) Bromass
(a) Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record sales on account) (To record collection of accounts receivable) eTextbook and Media
JOLITIE FUww (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (List debit entry before credit entry Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Attempts: 0 of 15 used Submit A
Prepare the entries to record the recovery of the uncollectible account during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To reverse write-off of accounts receivable) (To record collection of accounts receivable) eTextbook and Media List of Accounts
Attempts: 0 of 15 used Submit Answer (d) Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. Ending balance in Accounts Receivable $ Unadjusted balance in Allowance for Doubtful Accounts $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used
@ Prepare the entry to record bad debt expense for the period. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Attempts: 0 of 15 used Save for Later
(f) Determine the ending (adjusted) balance in Allowance for Doubtful Accounts. Ending (adjusted) balance in Allowance for Doubtful Accounts $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Sc Attempts: 0 of 15 used Submit Answer