At December 31, 2016, Buffalo Industries Imports reported this information on its balance sheet.

Accounts receivable $655,800

Less: Allowance for doubtful accounts 35,590 During 2017, the company had the following transactions related to receivables.

1. Sales on account $2,873,400

2. Sales returns and allowances 43,000

3. Collections of accounts receivable 2,546,000

4. Write-offs of accounts receivable deemed uncollectible 43,260

5. Recovery of bad debts previously written off as uncollectible 14,030

Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (To reinstate account previously written off) Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable