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-Current Attempt in Progress At December 31, 2024, Crane Imports reported this information on its balance sheet. Accounts receivable $602,000 Less: Allowance for doubtful
-Current Attempt in Progress At December 31, 2024, Crane Imports reported this information on its balance sheet. Accounts receivable $602,000 Less: Allowance for doubtful accounts 41,000 During 2025, the company had the following transactions related to receivables. 1 Sales on account 2 Sales returns and allowances 3. Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible $2,560,000 52,000 2,260,000 Recovery of bad debts previously written off as uncollectible 43,000 20.000 Accounts receivable $602,000 Less: Allowance for doubtful accounts 41,000 During 2025, the company had the following transactions related to receivables. Sales on account $2,560,000 2. Sales returns and allowances 52,000 3. Collections of accounts receivable 2,260,000 4. Write-offs of accounts receivable deemed uncollectible 43,000 5. Recovery of bad debts previously written off as uncollectible 20,000 (a) redare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) Ust a debit entries before credit entries. 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) No. Account Titles and Explanation 1 Accounts Receivable Debit Credit 2560.000 SUPP
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