9-01A a-d (Part Level Submission) (Video) At December 31, 2019, Kingbird Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $959,500 79,400 During 2020, the company had the following transactions related to receivables. 1. Sales on account $3,699,000 2. Sales returns and allowances 51,900 3. Collections of accounts receivable 2,806,600 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible 91,800 29,600 (a) Your answer has been saved and sent for grading. See Gradebook for score details. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) No Account Titles and Explanation 1. Accounts Receivable Sales Revenue 2. Sales Returns and Allowances Accounts Receivable 3. Cash Accounts Receivable 4. Allowance for Doubtful Accounts Accounts Receivable Debit Credit 3699000 51900 3699000 51900 2806600 2806600 91800 91800 Accounts Receivable 29600 29600 Allowance for Doubtful Accounts (To reverse account previously written off.) Cash Accounts Receivable (To record the collection of accounts receivable.) 29600 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS 29600 Attempts: 1 of 1 used Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable 1 3699000 2 51900 5 29600 3 2806600 4 Bal. 4 Allowance for Doubtful Accounts 91800 Bal. 91800 29600 5 29600 Bal