ABC Corporations has the following transactions and account balances during the year: A/R beginning balance =$45,000 Allowance for doubtful accounts beginning balance =$2,250 1. ABC made sales on account of $60,000. 2. ABC made cash sales of $20,000. 3. ABC collected $65,000 of A/R. 4. ABC wrote off $1,500 of A/R. 5. ABC subsequently collected $200 of A/R that had been previously written off. 6. ABC estimates bad debt expense to be 5% of A/R at the end of the year. Required: A. Prepare all necessary journal entries for ABC. B. Prepare the entry to record bad debt expense assuming that in transaction #4,$4,0000 A/R had been written off instead of $1,500