At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period, it had credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At the beginning of the current period, Bramble Corp. had balances in Accounts Receivable of $196,800 and in Allowance for Doubtful Accounts of $9,510 (credit). During the period, it had credit sales of $864,300 and collections of $687,610. It wrote off as uncollectible accounts receivable of $6,804. However, a $3,219 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,000 at the end of the period. (Omit cost of goods sold entries.)

(a) - (d)

 
New attempt is in progress. Some of the new entries may impact the last attempt grading.
Your answer is partially correct.
(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 the uncollectible account during the period.
(d)   Prepare the entry to record bad debt expense for the period.

(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.
Account Titles and Explanation
Debit
Credit
(a)
enter an account title to record sales
enter a debit amount
enter a credit amount
 
enter an account title to record sales
enter a debit amount
enter a credit amount
 
(To record sales)
   
 
enter an account title to record collection
enter a debit amount
enter a credit amount
 
enter an account title to record collection
enter a debit amount
enter a credit amount
  (To record collection)    
(b)
enter an account title
enter a debit amount
enter a credit amount
 
enter an account title
enter a debit amount
enter a credit amount
(c)
enter an account title to reinstate account previously written off
enter a debit amount
enter a credit amount
 
enter an account title to reinstate account previously written off
enter a debit amount
enter a credit amount
 
(To reinstate account previously written off)
   
 
enter an account title to record collection
enter a debit amount
enter a credit amount
 
enter an account title to record collection
enter a debit amount
enter a credit amount
  (To record collection)    
(d)
enter an account title
enter a debit amount
enter a credit amount
 
enter an account title
enter a debit amount
enter a credit amount
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