At December 31, 2016, House Co. reported the following information on its balance sheet.

Accounts receivable $956,700

Less: Allowance for doubtful accounts 81,000

During 2017, the company had the following transactions related to receivables.

1. Sales on account $3,673,800

2. Sales returns and allowances 51,000

3. Collections of accounts receivable 2,801,800

4. Write-offs of accounts receivable deemed uncollectible 88,800

5. Recovery of bad debts previously written off as uncollectible 27,250

(can you show how you came to those numbers please)

Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 2. 3. (To reverse account previously written off) (To record the collection of accounts receivable.)