Current Attempt in Progress At the end of 2021, Blue Spruce Corp. has accounts receivable of $691,000 and an allowance for doubtful accounts of $27,210 1 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 54,006, On March 4, 2022, Blue Spruce Corp, receives payment of $4.006 in full from Madonna Inc. 2 Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is enter Do not indent manually.) Debit Credit No. Account Titles and Explanation 1 2. (To record recovery of accounts receivable) (To record collection of accounts receivable)