At the end of $2021,$ Marigold Corp. has accounts receivable of $$718,400$ and an allowance for doubtful accounts of $$22,800.$

On January $24,2022,$ it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write$-$off of $$4,359.$

On March $4,2022,$ Marigold Corp. receives payment of $$4,359$ in full from Madonna Inc.

Prepare the journal entries to record this transaction. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

$2.$

$($To record recovery of accounts receivable.$)$

$($To record collection of accounts receivable.$)$