At December 31, 2024, Pharoah 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. Sales on account $661,000 Sales returns and allowances 42,000 Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $2,700,000 50,000 2,515,000 40,000 14,000

As well as the ledger accounts and balances

At December 31, 2024, Pharoah Imports reported this information on its balance sheet. During 2025, the company had the following transactions related to receivables