Brief Exercise 8-4 At the end of 2016, Vaughn Manufacturing has accounts receivable of $698,000 and an allowance for doubtful accounts of $27,500 authorizes a write-off of $3,929. 2. On March 4, 2017, Vaughn Manufacturing receives payment of $3,929 in full from Madonna Inc. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is No. Account Titles and Explanation 1. entered. Do not indent manually,) 2. To record recovery of accounts receivable.) To record collection of accounts receivable.)