Can you help me with A,b,c,e and f? At the beginning of period, Ammar Co. had balances in account receivable of $ 400,000 andallowance for doubtful accounts of $ 12,000 (credit). During the period, it had net credit sales of $1,200,000 and collections of $ 1,050,000. It wrote as uncollectible accounts receivable of $ 9,500.However, a $4,500 account previously written off as uncollectible was recovered at the end ofperiod. Uncollectible accounts are estimated to total $35,000 at the end of period.a. Prepare the entries to record sales and collections during the periodb. Prepare the entry to record the write-off of uncollectible accounts during the periodc. Prepare the entries to record the recovery of uncollectible accounts during the periodd. Prepare the entry to record bad debt expense for the periode. Determine the ending balances in account receivable and allowance for doubtful accountsf. Determine the net realizable value

Increase in assets and expense is recorded by debiting them and a decrease is recorded by crediting…

a. Prepare the entries to record sales and collections during the period b. Prepare the entry to record the write-off of uncollectible accounts during the period c. Prepare the entries to record the recovery of uncollectible accounts during the period

a. Prepare the entries to record sales and collections during the period b. Prepare the entry to record the write-off of uncollectible accounts during the period c. Prepare the entries to record the recovery of uncollectible accounts during the period

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 3CP: At the end of 20-3, Martel Co. had 410,000 in Accounts Receivable and a credit balance of 300 in...

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Question

Can you help me with A,b,c,e and f?

At the beginning of period, Ammar Co. had balances in account receivable of $ 400,000 and
allowance for doubtful accounts of $ 12,000 (credit). During the period, it had net credit sales of $
1,200,000 and collections of $ 1,050,000. It wrote as uncollectible accounts receivable of $ 9,500.
However, a $4,500 account previously written off as uncollectible was recovered at the end of
period. Uncollectible accounts are estimated to total $35,000 at the end of period.
a. Prepare the entries to record sales and collections during the period
b. Prepare the entry to record the write-off of uncollectible accounts during the period
c. Prepare the entries to record the recovery of uncollectible accounts during the period
d. Prepare the entry to record bad debt expense for the period
e. Determine the ending balances in account receivable and allowance for doubtful accounts
f. Determine the net realizable value

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