At The Beginning Of The Current Period Golden Enterprises Ltd Had Balances In Accounts Receivable Of 2 107 000 And In 1 (13.16 KiB) Viewed 10 times
At The Beginning Of The Current Period Golden Enterprises Ltd Had Balances In Accounts Receivable Of 2 107 000 And In 2 (18.06 KiB) Viewed 10 times
At the beginning of the current period, Golden Enterprises Ltd. had balances in Accounts Receivable of $2,107,000 and in Allowance for Doubtful Accounts of $146,000 (credit). During the period, Golden had credit sales of $4,312,000 with cost of goods sold of $3,114,000 and collections of $5,220,000. It wrote off $179,000 of accounts receivable. However, a $26,000 account written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $90,000 at the end of the period.
Prepare the entry to record bad debts expense for the period. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit
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