At December 31,2016, Sadll Co.Imports reported this information on its balance sheet 637.900 35,750 sreceivable Less: Allowance for doubtful accounts During 2017, the company had the following transactions related to receivables 1. 2. 3, Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncolectible 2,920000 89.848 2,501.200 1.230 15,740 5. Prepare the journal entries to record cach of these five transactions.Assume that no cash discounts were taken on the collections of accounts reccivable. Omit cost of oods sold entries.) lCredit account titles are automatically indented when amount is entered. Do not indent manualily No. Account Titles and Explanation Debit Credit 2. 3. 4. 5. To reinstate account previouslywritten off