At December 31, 2019, Pharoah Co. reported the following information on its balance sheet.

Accounts receivable		$967,500
Less: Allowance for doubtful accounts		81,000

During 2020, the company had the following transactions related to receivables.

1.		Sales on account		$3,733,800
2.		Sales returns and allowances		48,200
3.		Collections of accounts receivable		2,800,200
4.		Write-offs of accounts receivable deemed uncollectible		90,400
5.		Recovery of bad debts previously written off as uncollectible		27,550

Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part.)

Accounts Receivable
choose a transaction date 12345Bal.	enter a debit amount	choose a transaction date 12345Bal.	enter a credit amount
choose a transaction date 12345Bal.	enter a debit amount	choose a transaction date 12345Bal.	enter a credit amount
choose a transaction date 12345Bal.	enter a debit amount	choose a transaction date 12345Bal.	enter a credit amount
choose a transaction date 12345Bal.	enter a debit amount	choose a transaction date 12345Bal.	enter a credit amount
choose the end date of the accounting period 12345Bal.	enter a debit balance	choose the end date of the accounting period 12345Bal.	enter a credit balance
Allowance for Doubtful Accounts
choose a transaction date 12345Bal.	enter a debit amount	choose a transaction date 12345Bal.	enter a credit amount
choose a transaction date 12345Bal.	enter a debit amount	choose a transaction date 12345Bal.	enter a credit amount
choose the end date of the accounting period 12345Bal.	enter a debit balance	choose the end date of the accounting period 12345Bal.	enter a credit balance