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Question 6 of 15 0.76/5 (To record credit sales) Credit Losses Accounts Receivable (To recognize the credit losses) Credit Losses \begin{tabular}{|r|r} \hline 73000 \\ \hline \end{tabular} Accounts Receivable 73000 (To write off accounts judged uncollectible) Bad debt 70000 Accounts Receivable \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \end{tabular} 94230 94230 94230 Credit Losses \begin{tabular}{|r||} \hline \\ \hline \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline \\ \\ \\ \\ \hline 73000 \\ \hline \end{tabular} Bad debt Accounts Receivable (To reinstate an account that was previously written off) Cash 24000 stion 6 of 15 0.76/5 (To reinstate an account that was previously written off) Cash 24000 Bad Debt 24000 (To record subsequent collection of accounts that were previously written off) Cash 1840000 Accounts Receivable 1840000 (To record collection of accounts receivable) eTextbook and Media List of Accounts Sunland Ltd. has been in business for several years and has the following information for its operations which ended December 31 , 2024: 1. Total sales for the year were $3,490,000, of which 60% were on account. 2. The company estimates that total expected credit losses at December 31,2024 will be $94,230. 3. Sunland Ltd. began the year with $660,000 in accounts receivable and a normal credit to the allowance for expected credit losses of $73,000. 4. Sunland Ltd. writes off customer accounts that have been outstanding for more than 120 days. During the year, accounts with a carrying amount of $70,000 reached the 120 -day mark and were written off. 5. The company uses a collection agency to try to collect accounts that have been written off. The collection agency was able to collect $24,000 from customers whose accounts had previously been written off. 6. During the year the company collected $1,840,000 of its accounts receivable

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