At December 31, 2021, Kingbird, Inc. reported this 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. (a) Sales on account Sales returns and allowances Collections of accounts receivable $514.000 38,000 Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible No Account Titles and Explanation $2.470.000 55,000 2.170.000 40,000 15,000 Prepare the journal entries to record each of these five transactions. Assume that no cash disco of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically in not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the a 4 Debit

At December 31, 2021, Kingbird, Inc. reported this information on its balance sheet. During 2022, the company had the following transactions related to receivables. (a) Prepare the journal entries to record each of these five transactions. Assume that no cash disco of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically in not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the a No Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (To reverse account previously written oft.) (To record the collection of accounts receivable)