At December 31, 2016, Novak Corp. Imports reported this information on its balance sheet. Accounts receivable $564,800 35,700 Less: Allowance for doubtful accounts During 2017, the company had the following transactions related to receivables. 1. Sales on account 2.Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,896,800 91,648 2,637,500 43,840 13,830 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