Reference no: EM132764178

Assume the following information for Marin Corp.

Accounts receivable (beginning balance)$162,000

Allowance for doubtful accounts (beginning balance)11,410

Net credit sales934,000

Collections911,000

Write-offs of accounts receivable6,300

Collections of accounts previously written off1,600

Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable.

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

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

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

Problem d) Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts.

Problem e) Prepare the entry to record bad debt expense for the period

Problem f) Determine the ending (adjusted) balance in Allowance for Doubtful Accounts.