At the end of 2024 , Vaughn Co. has accounts receivable of $698,000 and an allowance for doubtful accounts of $27,500. On January 24,2025 , it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $3,929. On March 4, 2025, Vaughn Co. receives payment of $3,929 in full from Madonna Inc. Prepare the journal entries to record the March 4 transaction. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)