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In: AccountingAt the beginning of the current period, Rose Corp. had balancesin Accounts Receivable of $200,000...At the beginning of the current period, Rose Corp. had balancesin Accounts Receivable of $200,000 and in Allowance for DoubtfulAccounts of $9,000. During the period, it had credit sales of$800,000 and collections of $763,000. It wrote off as uncollectibleaccounts receivable of $7,300. Uncollectible accounts are estimatedto total $25,000 at the end of the period. (Omit recording cost ofgoods sold.)InstructionsRecord sales and collections during the period.Record the write-off of uncollectible accounts during theperiod.Record bad debt expense for the period.Determine the ending balances in Accounts Receivable andAllowance for Doubtful Accounts.Assets =Liab. +OECashGross A/RAllowanceD/An/aREnotesBeg Balancen/a200,000-9,000n/an/aSalesCollectionsWrite offBad debt expenseEnding balancen/an/an/aCompare the net realizable value of the receivables at thebeginning to the end of the period.In comparing the beginning to the end of the period, doesmanagement expect that they will be able to collect a greater orlesser proportion of outstanding receivables? Why?