At January 1, 2020, Fantasy Enterprises (FE) had Account Receivable of $30,500 and Allowance for Bad Debts had a credit balance of $3,300.

During the year, the following occurred:

1. Recorded sales of $172,800 of which $154,800 was on account and $18,000 was settled in cash.
2. Collections on account for the year totaled $132,000.
3. Write-offs of uncollectible receivables, $2,400.

Journalize Fantasy Enterprises transactions that occurred during 2020. The company uses the allowance method.