At the end of 2022, Cullumber Co. has accounts receivable of $790,300 and an allowance for doubtful accounts of $69,500. On January 24,2023 , the company learns that its receivable from Megan Gray is not collectible, and management authorizes a write-off of $7,400. On March 4, 2023, Cullumber Co. receives payment of $7,400 in full from Megan Gray. Prepare the journal entries to record the March 4, 2023, transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.)