At December 31, 2014, House Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $954,950 79,140 During 2015, the company had the following transactions related to receivables. 1. 2. 3. $3,738,530 48,160 2,803,350 Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible 4. 90,710 5. 27,720 (a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. manually.) No Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (To reverse account previously written off.) (To record the collection of accounts receivable.)