Cheyenne Corp.s balance sheet at December 31, 2016, included the following.

Note receivable				$600,000
Interest receivable				38,000
Accounts receivable		1,420,000
Less: Allowance for doubtful accounts receivable		92,000		1,328,000
				$1,966,000

The following occurred in 2017.

1.		Cheyenne made sales of $10,580,000. All sales were credit sales. Cheyenne allows some discounts for early payment of receivables and uses the gross method to record sales.
2.		Customer accounts of $86,000 were written off during the year.
3.		Accounts receivable of $10,680,000 were collected. Collections for the year included $240,000 of accounts on which 1% sales discounts were allowed.
4.		$13,000 was received in payment of an account which was written off the books as worthless in 2016.
5.		At year-end (December 31, 2017), Cheyenne estimated that its Allowance for Doubtful Accounts needed a balance of $73,000. This estimate is based on an analysis of aged accounts receivable.
6.		The note receivable and related interest were due January 1, 2017. Young collected both, in full, on that date.

Prepare all journal entries necessary to reflect the transactions above. (Credit account titles are automatically indented when the 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.)

No.	Account Titles and Explanation	Debit	Credit
1.	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
	enter an account title to record the first transaction	enter a debit amount	enter a credit amount
2.	enter an account title to record the second transaction	enter a debit amount	enter a credit amount
	enter an account title to record the second transaction	enter a debit amount	enter a credit amount
3.	enter an account title to record the third transaction	enter a debit amount	enter a credit amount
	enter an account title to record the third transaction	enter a debit amount	enter a credit amount
	enter an account title to record the third transaction	enter a debit amount	enter a credit amount
4.	enter an account title to reinstate the accounts receivable	enter a debit amount	enter a credit amount
	enter an account title to reinstate the accounts receivable	enter a debit amount	enter a credit amount
	(To record entry to reinstate the accounts receivable)
	enter an account title to record the collection on account	enter a debit amount	enter a credit amount
	enter an account title to record the collection on account	enter a debit amount	enter a credit amount
	(To record the collection on account)
5.	enter an account title to record the fifth transaction	enter a debit amount	enter a credit amount
	enter an account title to record the fifth transaction	enter a debit amount	enter a credit amount
6.	enter an account title to record the sixth transaction	enter a debit amount	enter a credit amount
	enter an account title to record the sixth transaction	enter a debit amount	enter a credit amount
	enter an account title to record the sixth transaction	enter a debit amount	enter a credit amount