At December 31, 2017, Vermilion Imports Inc. reported this information on its balance sheet Accounts receivabic Less:Allowance for doubtful accounts $610,000 42,000 During 2018, the company had the fallowing summary transactions related to coolvables and sales Vermillion uses the perpetual Inventory system 1 Sales on account amounted to $2,520,000. The cost of the inventory sold was $1.990,800. 2. Sales returns and allowances with a total sains price of $300 anda cast of $30,020 were restored ta Inventory 3. Collections of accounts receivable were $2.241,000 4. Write-offs at accounts receivable deemed uncollectible $46,900. 5. Recovery of bad debts previously written of as uncollectible $15.000. Cal 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. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (To record sales) (To record cost of the merchandise sala (To record sales returns and allowances) (To record cost of seles on sales returns) (To reverse write or of account receivable) (To record recovery of uncollectible