At the beginning of the year, Houston Company had the following accounts on its books: Accounts Receivable	$244,000	Debit
Allowance for Doubtful Accounts	$15,800	Credit
During the year, credit sales were:	$2,346,000
and collections on account were:	$2,300,000

The following transactions, among others, occurred during the year:

Feb.17	Wrote off R. St. John's account,	$7,200
May.28	Wrote off G. Herberger's account,	$4,800
Oct.13	Received $1,200 from G. Herberger, who is in bankruptcy proceedings,
	in final settlement of the account written off on May 28.
	This amount is not included in the $2,300,000 collections.
Dec.15	Wrote off R. Clancy's account,	$3,000
Dec.31	In an adjusting entry, recorded the allowance for doubtful accounts at	0.8%
	of credit sales for the year.

a. Prepare journal entries to record the credit sales, the collections on account, and the preceding transactions and adjustment. b. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet