At the end of $2021,$ Skysong, Inc. has accounts receivable of $$775,800$ and an allowance for doubtful accounts of $$44,300.$ 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 $$7,200.$ On March $4,2022,$ Skysong, Inc. receives payment of $$7,200$ 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. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$($To reverse write$-$off$)$

$($To record collection from Madonna$)$