Assume the same information as BE9-4. On March 4, 2009, Delong Co. receives payment of \($5,400\) in full from Ristau Inc. Prepare the journal entries to record this transaction.

Data from BE9-4.

At the end of 2008, Delong Co. has accounts receivable of \($700,000\) and an allowance for doubtful accounts of \($54,000.\) On January 24, 2009, the company learns that its receivable from Ristau Inc. is not collectible, and management authorizes a write-off of \($5,400.\)