At the beginning of the current period, crane company had balances in accounts receivable of $192,800 and in allowance for doubtful accounts of $8,520 (credit). during the period, it had net credit sales of $722,500 and collections of $708,940. it wrote off as uncollectible accounts receivable of $7,972. however, a $3,275 account previously written off as uncollectible was recovered before the end of the current period. uncollectible accounts are estimated to total $22,740 at the end of the period. (omit cost of goods sold entries.)
(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.
determine the ending balances in accounts receivable and allowance for doubtful accounts.
what is the net realizable value of the receivables at the end of the period?

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u. s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u. s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u. s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600