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b. On February 1 of Year 2, the company determined that $4,000 of specific accounts receivable would be written off. 1. Prepare the journal entry

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b. On February 1 of Year 2, the company determined that $4,000 of specific accounts receivable would be written off. 1. Prepare the journal entry required to write off these accounts. 2. What is the net amount expected to be collected on its accounts receivable after the write-off? s c. On February 15 of Year 2, the company unexpectedly collected $1,000 of the accounts written off on February 1 of Year 2. 1. Prepare the journal entries required upon collection of these accounts. 2. What is the net amount expected to be collected on its accounts receivable after the collection? $303,000

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