5-6A - Recording receivables transactions On November 1, 2024, Recchi Company showed the following account balances: During the next fiscal year, the following events occurred: a.) Consulting revenues for the year were $425,000. 95% were on account, 5% were cash sales. b.) Collections for the year were $375,000. c.) $5,000 was added to the total accounts receivable due to interest on overdue accounts. d.) Writeoffs of uncollectible accounts totaled \$3,500. e.) One of the accounts written off in part d.) was collected: $750. f.) On October 31, 2025 (the company's fiscal-year end), using the aging-of-receivables method, the allowance for doubtful accounts was estimated to be $3,500. Required: a.) Record journal entries based on the summary events above. b.) Show how net receivables will be presented on the October 31, 2025 balance sheet