At the end of 2021, Bramble Corp. has accounts receivable of $754,500 and an allowance for doubtful accounts of $23,960. 1. 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 $4,624. On March 4, 2022, Bramble Corp. receives payment of $4,624 in full from Madonna Inc. 2. 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. Allowance for Doubtful Accounts 4,624 Accounts Receivable 4,624 2. Accounts Receivable 749,876 Allowance for Doubtful Accounts 19,336 (To record recovery of accounts receivable.) Accounts Receivable 754,500 Allowance for Doubtful Accounts 23,960 (To record collection of accounts receivable.)