At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit).During the period, it had net credit sales of $800,000 and collections of $763,000.It wrote off as uncollectible accounts receivable of $7,300.However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $25,000 at the end of the period.(Omit cost of goods sold entries)Required:(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.(e) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.

(a) Prepare the entries to record sales and collections during the period.

Dr Accounts receivable 800,000

    Cr Sales revenue 800,000

Dr Cash 763,000

    Cr Accounts receivable 763,000

(b) Prepare the entry to record the write-off of uncollectible accounts during the period.

Dr Allowance for doubtful accounts 7,300

    Cr Accounts receivable 7,300

(c) Prepare the entries to record the recovery of the uncollectible account during the period.

Dr Accounts receivable 3,100

    Cr Allowance for doubtful accounts 3,100

Dr Cash 3,100

    Cr Accounts receivable 3,100

(d) Prepare the entry to record bad debt expense for the period.

Dr Bad debt expense 20,200

    Cr Allowance for doubtful accounts 20,200

(e) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.

Accounts receivable ending balance = $200,000 + $800,000 - $763,000 -$7,300 + $3,100 - $3,100 = $229,700

Allowance for doubtful accounts ending balance = $25,000

Allowance for doubtful accounts is a contra asset account that decreases the net balance of accounts receivable: accounts receivable = $229,700 - $25,000 = $204,700

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi