At December 31, 2019, Pina Medical reported the following information on its statement of financial position. Accounts receivable R$963,700 Less: Allowance for doubtful accounts 79,700 During 2020, the company had the following transactions related to receivables. 1. Sales on account R$3,743,400 2. Sales returns and allowances 50,900 3. Collections of accounts receivable 2,809,500 4. Write-offs of accounts receivable deemed uncollectible 90,000 5. Recovery of bad debts previously written off as uncollectible 27,000 No Account Titles and Explanation Debit Credit 1. Accounts Receivable 3743400 Sales Revenue 3743400 2. Sales Returns and Allowances 50900 Accounts Receivable 50900 3. cash 2809500 Accounts Receivable 2809500 4. Allowance for Doubtful Accounts 90000 Accounts Receivable 90000 5. Accounts Receivable 27000 Allowance for Doubtful Accounts 27000 (To reverse account previously written off.) Cash 27000 Accounts Receivable 27000 (To record the collection of accounts receivable.) (C) Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are R$119,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit List of Accounts Save for Later Attempts: 0 of 3 used Submit