At December 31, 2019, Swifty Medical reported the following information on its statement of financial position. Accounts receivable R$965,300 Less: Allowance for doubtful accounts 78,800 During 2020, the company had the following transactions related to receivables. 1. Sales on account R$3,696,600 2. Sales returns and allowances 48,000 3. Collections of accounts receivable 2,802,400 4. Write-offs of accounts receivable deemed uncollectible 90,500 5. Recovery of bad debts previously written off as uncollectible 25,200 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.) No Account Titles and Explanation Debit Credit 1. 2. 3. 4. . 5. (To reverse account previously written off.) (To record the collection of accounts receivable.) 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