At December 31, 2024, Blossom Imports reported this information on its balance sheet. Accounts receivable $500,000 Less: Allowance for doubtful accounts 36,000 During 2025, the company had the following transactions related to receivables. 1 Salon account $2,320,000 2 Salsa return and allowances 50,000 3 Collections of accounts receivable 2,020,000 4. Write-offs of accounts receivable deemed uncollectible 40,000 5 Recovery of bad debts previously written off as uncollectible 21,000 (a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable (Omit cost of goods sold entries) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) No. Account Titles and Explanation 1 2. 3. 5. (To reinstate account previously written off) (To record collection of accounts receivable) Textbook and Media List of Accounts Save for Later Last saved 2 hours ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (b) Debit Credit Attempts: 0 of 3 used Submit Answer