At January 1, 2021, Lawn Imports Inc. reported the following on its statement of financial position: Accounts receivable Allowance for doubtful accounts $1,478,000 99,200 1. 2. During 2021, the company had the following summary transactions for receivables: Sales on account, $4,536,000; Cost of goods sold, $2,494,000; return rate of 2% Selling price of goods returned. $68,000; cost of goods returned to inventory, $37,200 Collection of accounts receivable, $4,536,000 Write offs of accounts receivable deemed uncollectible $134.000 5. Collection of accounts previously written off as uncollectible, $60,600 After considering all of the above transactions, total estimated uncollectible accounts, $87.400 3. 4. 6. Prepare 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 for the amounts.) No. Account Titles and Explanation Debit Credit 1. (To record sales) (To record cost of goods sold) (To record cost of goods sold) 2. (To record sales returns) (To record cost of goods returned) 3. 5. 5. (To reverse write-off of account receivable) (To record collection of account receivable) 6