At December 31, 2013, Dustin Company reported this information on its balance sheet.

Accounts receivable $960,000 Less: Allowance for doubtful accounts 78,000

During 2014, the company had the following transactions related to receivables.

1.Sales on account $3,600,000 2. Sales returns and allowances 150,000 3. Collections of accounts receivable 3,100,000 4. Write-offs of accounts receivable deemed uncollectible 92,000 5. Recovery of bad debts previously written off as uncollectible 28,000

Instructions0

Enter the January 1, 2014, balances in Accounts Receivable and Allowance for Doubt- ful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances.