Answer:
Use the summary to record transactions
(a), (b), and (c) below.
(a) Record sales and collections during the period.
(b) Record the write-off of uncollectible accounts during the period.
(c) Record bad debt expense for the period.
Account Rec Allow.f/ doub. net rec. Bad debt exp.
Beggining Balance_____202700_______-9200___193500
Credit sales___________744100_______________744100
Collections__________-829950_______________-829950
Uncollectible expense______________-26820____-26820__26820
Writte Off___________-7798___________7798____0
Ending Balance_____109052_________-28222____80830_26820
Explanation:
Account Rec Allow.f/ doub. net rec. Bad debt exp.
Beggining Balance_____202700_______-9200___193500
Credit sales___________744100_______________744100
Collections__________-829950_______________-829950
Uncollectible expense______________-26820____-26820__26820
Writte Off___________-7798___________7798____0
Ending Balance_____109052_________-28222____80830_26820