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At December 31, 2021, Cullumber Company reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $588,000 35,000 During 2022, the

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At December 31, 2021, Cullumber Company reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $588,000 35,000 During 2022, the company had the following transactions related to receivables. 1. $ 2.299,000 50,000 2. 3. . Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible 2.115,000 4. 38,000 5. 15,000 (b) 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.) Accounts Receivable

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