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At December 31, 2024, Sunland Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts 1 During 2025, the company
At December 31, 2024, Sunland 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 2 $600,000 Collections of accounts receivable 3. 33.000 No. Account Titles and Explanation Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $2,510,000 50,000 2,310,000 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.) 41,000 20,000 Debit Credit
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