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Yates Company's records provide the follow ing h Momation conceming cetain account balances and changes in these account balances during the current year. Transaction information is missing from each item below Instructions Prepare the entry to record the missing information for each account (Coesider each independenily balance $41.000, Dec.31, balance 55s,000, uncollectible accounts $6,000; accounts receivable cellected during the year, $159,000 I. Accounts Receivable: Jan. 1, wrimen off during the year, $ Prepare the entry to record sales revenue. Allowance for Doubtful Accounts: Jan. 1, bolance $4,000, Dec. 31, balance $7,500, uncollectible accounts written off during the year, $20,000. Prepare the entry to record bad debt expense 2. Accounts Payable: Jan. 1, balance $25,000, Dec. 31, balance $54,000, purchases on account for the year, $150,000. Prepare the entry to record payments on account. 3