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

No Account Titles and Explanation Debit Credit Accounts Recelvable 3673800 Sales Revenue 3673800 Sales Returns and Allowan 51000 Accounts Receivable 51000 3. Cash 2801800 Accounts Receivable 2801800 Allowance for Doubtful Acc 88800 Accounts Receivable 88800 Accounts Receivable 27250 Allowance for Doubtful To reverse account previously written off.) Cash 27250 27250 Accounts Receivable 27250 To record the collection of accounts recelvable.)