At the end of 2016, Coronado Industries has accounts receivable of $762,000 and an allowance for doubtful accounts of $22, 520. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorises a write all of On March 4, 2017, Coronado Industries receives payment of $4, 398 in full from Madonna Inc. Prepare the journal entries to record this transaction