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Assume the following information for Metlock Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $151,000 11,400 936,000 911,000 5,200 2,000 Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable. Prepare the entries to record sales and collections during the period. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Account Titles and Explanation Debit Credit Debit Credit Account Titles and Explanation Allowance for Doubtul Accounts Accounts Receivable (To record sales on account) (To record collection of accounts receivable) e Textbook and Media List of Accounts the write-off of uncollectible accounts during the period. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Account Titles and Explanation Debit Credit (To reverse write-off of accounts receivable) (To record collection of accounts receivable) e Textbook and Media List of Accounts 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 $ e Textbook and Media List of Accounts Prepare the entry to record bad debt expense for the period. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Determine the ending (adjusted) balance in Allowance for Doubtful Accounts Ending (adjusted) balance in Allowance for Doubtful Accounts $

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