At December 31, 2024, Crane Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts 1. During 2025, the company had the following transactions related to receivables. 2. 3. 4. 5. (a) Sales on account Sales returns and allowances $602,000 Collections of accounts receivable 41,000 Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $2,560,000 52,000 2,260,000 43,000 20,000 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.)

At December 31,2024, Crane Imports reported this information on its balance sheet. During 2025, the company had the following transactions related to receivables. (3) Prepare the journal entries to record each of these five transaction. Assume that no cash discounts were taken on the collections of accourits receivable. (Omit cost of goods sold entries.) (List all debit entries before credit entries Credit occount titles are outomaticolly indented when arnount is entered. Oo not indent manually. If no entry brequired, select "No Entry" for the occount titles and enter 0 for the amounts. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (To reinstate account previously written off) (To record collection of accounts receivable)