ASsume the following information:
Accounts receivable (beginning balance) $140,000
Allowance for doubtful accounts (beginning balance) 11,490
Net credit sales 938,000
Collections 915,000
Write-offs of accounts receivable 5,900
Collections of accounts previously written off 2,000
Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable.
Prepare the entries to record sales and collection during the period.
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