At January $1,2024,$ Tarjee Inc. reported the following information on its statement of financial position:

Accounts receivable

$$530,000$

$40,000$

Allowance for expected credit losses $,40,000$

During $2024,$ the company had the following summary transactions for receivables:

Sales on account, $$1,930,000$; cost of goods sold, $$1,061,500$; return rate, $5\%$

Selling price of goods returned, $$76,000$; cost of goods returned to inventory, $$41,800$

Collections of accounts receivable, $$1,700,000$

Write$-$offs of accounts receivable deemed uncollectible, $$53,000$

Collection of accounts previously written off as uncollectible, $$12,000$

After considering all of the above transactions, total estimated uncollectible accounts, $$32,000$

Prepare the journal entries to record each of the above summary transactions. $($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 $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

$($To record sales$)$

$($To record cost of goods sold$)$