Needing help with accounting, Please!?
Accounts receivable (beginning balance) $154,000
Allowance for doubtful accounts (beginning balance) 11,410
Net credit sales 948,000
Write-offs of accounts receivable 5,300
Collections of accounts previously written off 1,900
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.
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