At December 31, 2019, Tamarisk Co.reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $951,900 79,100 During 2020, the company had the following transactions related to receivables. 2. 3. 4. 5. Sales an account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $3,677,700 51,100 2,816,400 91,300 27,700 (a) Your answer is correct. 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) Debit Credit No Account Titles and Explanation 1. Accounts Receivable 3677700 Sales Revenue 3677700 2. Sales Returns and Allowances 51100 Accounts Receivable 51100 3. Cash 2816400 Accounts Receivable 2816400 4. Allowance for Doubtful Accounts 91300 Accounts Receivable 91300 5. Accounts Receivable 27700 Allowance for Doubtful Accounts 27700 To reverse account previously written off.) | Cash 27700 27700 Accounts Receivable (To record the collection of accounts receivable. eTextbook and Media List of Accounts Attempts: 2 of 3 used (b) - Your answer is partially correct. 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 951,900 Bal 51100 1 3677700 3 2816400 27700 91300 27700 Bal Allowance for Doubtful Accounts 91300 Bal V 27700 Bal eTextbook and Media Assistance Used List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above