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Project part -/4 E Question 1 of 4 14 December 31, 2021. Blossom Imports reported...

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Project part -/4 E Question 1 of 4 14 December 31, 2021. Blossom Imports reported this information on its balance sheet. Accounts receivable $592,000 Less: Allowance for doubtful accounts 41.000 During 2022, the company had the following transactions related to receivables. $2.780,000 1. Sales on account 50,000 2 Sales returns and allowances 2.480.000 3. 3 Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible 44,000 4. 17.000 5. Recovery of bad debts previously written off as uncollectible Question 1 of 4 > ./4 E Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries (Credit accone tinies are automatically indented when amount is entered. Do not indent manually No. Account Titles and Explanation Debit Credit 1. 2. 3 O Type here to search O BI > 58F 48 ENG 233 11 Question 1 of 4 - /4 11 5. (To reinstate account previously written off) (To record collection of accounts receivable) NG o SBS st Type here to search 2.15 PM 1/2001 hp

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