$202,700 and in allowance for doubtful accounts of at the beginning of the current period, splish brothers inc. had balances in accounts receivable of $9,200 (credit). during the period, it had net credit sales of $744,100 and collections of $829,950. it wrote off as uncollectible accounts receivable of $7,798. however, a $2,979 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $26,820 at the end of the period. (omit cost of goods sold entries.) (a d) your answer has been saved and sent for grading. 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 per (d) prepare the entry to record bad debt expense for the period. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit 744100 74410 (to record sales) 829950 829950 7798 7798 744100 744100 (to record sales) 829950 829950 7798 7798 26820 26820 (to reinstate account previously written off) at the of of to total $26,820 at the end of the period. (omit cost of goods sold entries.) your answer has been saved and sent for grading in 9200

During the period, it had net credit sales of $744,100  

Dr Accounts Receivable  $ 744,100

Cr SALES$ 744,100

Collections of $829,950  

Dr CASH  $ 829,950

Cr Accounts Receivable  $ 829,950

It wrote off as uncollectible accounts receivable of $7,798.  

Dr Allowance for Uncollectible Accounts$ 7,798

Cr Accounts Receivable  $ 7,798

However, a $2,979 account previously written off as uncollectible was recovered  

Dr Accounts Receivable  $ 2,979

Cr Allowance for Uncollectible Accounts$ 2,979

Uncollectible accounts are estimated to total $26,820 at the end of the period  

Dr Bad Debt Expense$ 31,639

Cr Allowance for Uncollectible Accounts$ 31,639

Explanation:

The entries to record sales it's a debit to the accounts receivables because it was a credit sales and a credit entry to the Sales Accounts.

As the company use the Allowance for Uncollectible accounts method that states:

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

So, at the momento of the write-off we record a debit entry to the Dr Allowance for Uncollectible Accounts against the accounts receivable to reflect the uncollectible accounts in the balance sheets.

If the company recovers the bad debts as a collectible account, then the company had to reverse the last entry when the accounts were declared as bad debt.

Uncollectible accounts are estimated to total $26,820 at the end of the period  

Last, to register the new balance of uncollectible accounts it's necessary to consider the balance of the account at the momento of the adjustment.

The  Allowance for Uncollectible Accounts must reflect a creit balance of $26,820, as it previously had some movements then the account reflects a credit balance of $4,819 that comes from:

It wrote off as uncollectible accounts receivable of $7,798.    

Dr Allowance for Uncollectible Accounts$ 7.798  

Cr Accounts Receivable  $ 7.798  

However, a $2,979 account previously written off as uncollectible was recovered  

Dr Accounts Receivable  $ 2.979  

Cr Allowance for Uncollectible Accounts$ 2.979  

To reverse that credit balance it's necessary to register an entry of

Dr Bad Debt Expense$ 31.639

Cr Allowance for Uncollectible Accounts$ 31.639

in this way we end the period with a debit balance of $26,820

d, conspicuous consumption is when you try to increase your wealth or social status (and in the case he's trying to create the perception of wealth considering he can't really afford it)