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Stephenson Corp. is a wholesaler of imported products. The company had the following opening balances at January 1, 2020: Accounts receivable $248,000 Less: Allowance for doubtful accounts $-29,760 Net realizable value $218,240 During 2020, the company had the following summary transactions: a. Sales on account, $2,693,000; cost of goods sold, $1,212,000 b. Products returned by customers, $54,000; cost of inventory returned, $24,000 c. Cash collections on accounts receivable, $2,478,000 d. Write-offs of accounts receivable determined to be uncollectable, $37,200 e. A customer that was previously written off sent in a cheque for $3,300 f. You estimate that $45,000 of your accounts receivable will be uncollected in the upcoming year. Record all of the above transactions and then answer the questions that follow. Question 73 (3 points) What is the dollar amount of the entry to record transaction (f)? Enter as a positive amount. If no entry is required enter 0. (3 marks) A Question 74 (3 points) What is the balance in accounts receivable at December 31, 2020, after all transactions? (3 marks) A/ Question 75 (2 points) What is the balance in the allowance for doubtful accounts at December 31, 2020, after all transactions? Enter as a negative number. A

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