Current Attempt in Progress

At the end of $2021,$ Safer Co$.$ has accounts receivable of $$700,000$ and an allowance for doubtful accounts of $$25,000.$

On January $24,2022,$ it is learned that the company's receivable from Madonna Inc is not collectible and therefore management authorizes a write$-$off of $$4,300.$

On March $4,2022,$ Safer Co$.$ receives payment of $$4,300$ in full from Madonna Inc

Prepare the journal entries to record this transaction. $($Credit account titles are automatically indented when amount is entered. Do not indent manually$)$

No$.$ Account Titles and Explanation

$1.$

$2.$

Debit

$4300$

Credit

$\backslash$table$[[4300]]$

$($To record recovery of accounts receivable.$)$

$($To record collection of accounts receivable.$)$