Carla Vista Equipment Sales Company, which sells only on account, had a $120,000 balance in its Accounts Recelvable and a $5,300 balance in its Allowance for Expected Credit Losses on December 31, 2023. During 2024, the company's sales of equipment were $824,000, and its total cash collections from customers were $793,000. During year, the company identified customers with accounts totalling $7,900 that would be unable to pay and wrote these receivables off. However, one of these customers subsequently made a payment of $840. (Note that thts amount is not included in the cash collections noted above.) At the end of 2024, management grouped its recelvables based on credit risk and estimated the expected rate of credit losses for each group. Based on this, management determined that the total expected credit losses would be . $6,480. Account Thtes and Explanation (To record sales) (To record cash collected from customess) (To write off accounts recelvable) (To reinstate an account that were previcusly written off) (To tecord recovery of account that were previously written off) (To recognce the credit losses)