Accounts Receivable Problem: For each of the following amounts, record the appropriate journal entry. Assume all accounts start with a zero balance and provide T-Accounts at the end of the Second Year for Accounts Receivable, Sales Revenue, Allowance for Uncollectible Accounts, and Uncollectible Accounts Expense. First Year: Total Credit Sales: Increase to the Uncollectible Allowance: Write offs & Payments 800,000 12,500 1. Write off: 2. Cash Receipt: 3. Write off: 4. Cash Receipt 5. Cash from Account Previously Written off. 1,500 3,200 485,000 7,000 300,000 Closing Entries: 1. Sales Revenu 2. Uncollectible Accounts Expense Second Year: Total Credit Sales: Increase to the Uncollectible Allowance: 950,000 15,000