At December 31, 2021, House Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts 1. During 2022, the company had the following transactions related to receivables. 2. 3. 4. 5. Sales on account $960,000 Sales returns and allowances 80,000 Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible $3,700,000 50,000 2,810,000 90,000 29,000

At December 31,2021, House Co. reported the following information on its balance sheet. During 2022, the company had the following transactions related to regeivables. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivat (Omit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually)