$78,000 and an allowance for uncollectible accounts of $17,500 During 2020, Winter Retreat completed the following transactions 1. Credit sales, $1,070,000 2. Collections on account, $880,000 3. Write-offs of uncollectibles, $15,000 4. Bad debt expense, $16,050 Joumalize the 2020 transactions for Winter Retreat. Explanations are not required. Start by recording sales revenue (Record debits first, then credits. Explanations are not required.) Now I Accounts Receivable \begin{tabular}{l|l|l||l|l|} \hline 2. Allowance for Uncollectible Accounts \\ Bad Debt Expense \\ Cash \\ Next,. Sales Revenue & & \end{tabular} $78,000 and an allowance for uncollectible accounts of $17,500. During 2020, Winter Retreat completed the following transactions: 1. Credit sales, $1,070,000 2. Collections on account, $880,000 3. Write-offs of uncollectibles, $15,000 4. Bad debt expense, $16,050 Journalize the 2020 transactions for Winter Retreat. Explanations are not required. Start by recording sales revenue. (Record debits first, then credits. Explanations are not required.) Now record the collections on account during the year. $78,000 and an allowance for uncollectible accounts of $17,500. During 2020 , Winter Retreat completed the following transactions: 1. Credit sales, $1,070,000 2. Collections on account, $880,000 3. Write-offs of uncollectibles, $15,000 4. Bad debt expense, $16,050 Journalize the 2020 transactions for Winter Retreat. Explanations are not required. Next, record the receivables that were actually written off during the year