Assume the following information for Marin Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $135,000 11,390 940,000 902.000 5.900 2.200 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation On January 1.2022. Vaughn Manufacturing had Accounts Receivable of $53,700 and Allowance for Doubtful Accounts of $3,400. Vaughn Manufacturing prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $3,700 of merchandise to Rian Company, terms n/30 Accepted a $3,700, 4-month, 9% promissory note from Rian Company for balance due Sold $11,520 of merchandise to Cato Company and accepted Cato's $11,520, 2-month 10% note for the balance due. Sold $5,500 of merchandise to Malcolm Co., terms n/10. Apr. 5 Accepted a $5.500, 3-month, 7% note from Malcolm Co. for balance due 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full 15 Sold $1,900 of merchandise to Gerri Inc and accepted a $1900, 6-month, 11% note for the amount due. Feb. 2 12 26 Joumalize the transactions. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit