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At the end of 2020 . Vermillion Corp. has accounts receivable of $478,700 and an allowance for doubtful accounts of $26,600, On January 24, 2021,

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At the end of 2020 . Vermillion Corp. has accounts receivable of $478,700 and an allowance for doubtful accounts of $26,600, On January 24, 2021, Vermillion learns that its $10,500 receivable from Hutley Inc. is not collectible. Management authorizes a write off. But on March 4, 2021, Vermillion Corp, receives payment in full of $10,500 from Hutley Inc after the write off. Prepare the required joumal entries to record this transaction. (List all debit entries before credit entries. Credit account titles are outomatically ghdented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles ond enter 0 for the amounts.)

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