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At December 31, 2019, Company A reported the following information on its balance sheet: Accounts...

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Accounting

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At December 31, 2019, Company A reported the following information on its balance sheet: Accounts Receivable $660,000 Less: Allowance for doubtful accounts 60,000 During 2020, the company has the following transactions related to receivables. 1. Sales on account $1,750,000 2. Sales returns and allowances 25,000 3. Collections of accounts receivable 1,510,000 4. Write-offs of accounts receivable deemed uncollectible 50,000 5. Recovery of bad debts previously written off as uncollectible 13,000 Instructions: Prepare the journal entries to record each of these five transactions, and record the bad debt expense for 2020 assuming that an aging of accounts receivables indicates that expected bad dehts are $75.000

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