At December 31, 2021, Concord Co, reported the following information on its balance sheet. During 2022, the company had the following transactions related to receivables. (a) Your answer is correct Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on t of accounts receivable. (Omit cost of goods sold entries) (Credit occount titles are outomatically indented when amount not indent manually.) No Account Titles and Explanation 1. Accounts Receivable 3,715.300 Sales Revenue 3,715,300 2. Sales Returns and Allowances 49.700 Accounts Receivable 49,700 3. Cash 2,801,100 Accounts Receivable 2.801 .100 4. Alowance for Doubtful Accounts 89,800 Accounts Receivable 5. Accounts Recelvable Allowance for DoubtulAccounts (To reverse account previously written off) Cash Enter the January 1, 2022, 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)