Current Attempt in Progress Accounts receivable transactions are provided below for Sandhill Co. Dec 31, 2020 The company estimated that 4% of its accounts receivable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubtful Accounts were $604,000 and $2,300 (debit), respectively Mar. 5, 2021 The company determihed that R. Mirza's $4,000 account and D. Wight's $2,700 account were uncollectible. The company's accounts receivable were $637.900 before the accounts were written off. June 6, 2021 Wight paid the amount that had been written off on March 5. The company's accounts receivable were $592,300 prior to recording the cash receipt for Wight. (a) Your Answer Correct Answer Your answer is correct. Prepare the journal entries on December 31, 2020, March 5, 2021, and June 6, 2021. (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 o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Debit Account Titles and Explanation Date Credit 26,460 Dec 31, 2020 Bad Debts Expense 26,460 Allowance for Doubtful Accounts (To record estimate of uncollectible accounts.) Mar. 5. 2021 Allowance for Doubtful Accounts 4000 Accounts Receivat Mirza 4000 (To record write off of accounts receivable.) Mar. 5, 2021 Allowance for Doubtful Accounts: 7700 Accounts Receivable Wight ULTIMO 7700 (To record write off of accounts receivable) June 6, 2021 Accounts Receivable Wight 7700 Allowance for Doubtful Accounts: 7700 (To reverse write off.) June 6, 2021 Cash 7700 Accounts Receivable Wight 7700 (Collection of account that was previously written off) (c) X Your answer is incorrect Calculate the carrying amount of the accounts receivable both before and after recording the cash receipt from Wight on June 6, 2021. Carrying amount before recovery $ 592300 Carrying amount after recovery 592300 e Textbook and Media List of Accounts