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Problem - At the beginning of the current period, Emler 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 $650,090 and collections of $590,000. Uncollectible accounts are estimated to total $20,000 at the end of the period.
Required -
a. Prepare the entries to record sales during the period.
b. Prepare the entries to record collections during the period.
c. Prepare the entry to record bad debts expense for the period.
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