At the end of 2021, Crane Company has accounts receivable of $713,800 and an allowance for doubtful accounts of $23,690. 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 $3,885. 2. On March 4, 2022, Crane Company receives payment of $3,885 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 2. (To record recovery of accounts receivable.) (To record collection of accounts receivable.)