Crane Equipment Sales Company, which sells only on account, had a $120,000 balance in its Accounts Receivable and a $5,800 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 $800,000. During year, the company identified customers with accounts totalling $7,600 that would be unable to pay and wrote these receivables off. However, one of these customers subsequently made a payment of $820. (Note that this amount is not included in the cash collections noted above.) At the end of 2024, management grouped its receivables 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 $7,260. Prepare the journal entries to record all of the 2024 transactions, including the adjustment for credit losses at year end. (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 O for the amounts. List all debit entries before credit entries.)