!!At the beginning of the current period, Tamarisk, Inc. had balances in Accounts Receivable of $220,000 and in Allowance forDoubtful Accounts of $9,90O. During the period, it had net credit sales of $880,000 and collections of $839,300. It wrote off asuncollectible accounts receivable of $8,030. Uncollectible accounts are estimated to total $27,500 at the end of the period. (Omitrecording 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 thesummary to record transactions (a), (b), and (c) below.Record sales and collections during the period.(a)(b)Record the write-off of uncollectible accounts during the period.(c)Record bad debt expense for the period.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)1:29 PMa11/3/2020

Accounts Receivable- It is the amount which has not been received by the company from its customers…

At the beginning of the current period, Tamarisk, Inc. had balances in Accounts Receivable of $220,000 and in Allowance for Doubtful Accounts of $9,900. During the period, it had net credit sales of $880,000 and collections of $839,300. It wrote off as uncollectible accounts receivable of $8,030. Uncollectible accounts are estimated to total $27,500 at the end of the period. (Omit recording cost of goods sold.)

At the beginning of the current period, Tamarisk, Inc. had balances in Accounts Receivable of $220,000 and in Allowance for Doubtful Accounts of $9,900. During the period, it had net credit sales of $880,000 and collections of $839,300. It wrote off as uncollectible accounts receivable of $8,030. Uncollectible accounts are estimated to total $27,500 at the end of the period. (Omit recording cost of goods sold.)

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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