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At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of...

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Accounting

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At the beginning of the current period, Marin Corp. had balances in Accounts Receivable of $213,500 and in Allowance for Doubtful Accounts of $8,500 (credit). During the period, it had net credit sales of $878,100 and collections of $704,650. It wrote off as uncollectible accounts receivable of $7,543. However, a $3,093 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24.950 at the end of the period. (Omit cost of goods sold entries.) ( ad) Your answer is partially correct. (a) (b) Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the entries to record the recovery of the uncollectible account during the period. Prepare the entry to record bad debt expense for the period. (c) (d) (To record cash received) (b) Accounts Receivable 3093 Allowance for Doubtful Accounts 3093 (c) Cash 3093 I HATE TO Accounts Receivable 3093 (To reinstate account previously written off) Allowance for Doubtful Accounts 7543 Accounts Receivable 7543 (To record cash received) (d) Bad Debt Expense 20900 Allowance for Doubtful Accounts 20900

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