At the end of 2021, Safer Co has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000 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 $4,300 On March 4, 2022, Safer Co, receives payment of $4,300 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.) Debit Credit No. Account Titles and Explanation 1. 2 To record recovery of accounts recevable) (To record collection of accounts receivable.)