Current Attempt in Progress

The balance sheet ofVaughnCompany at December 31, 2019, includes the following.

Notes receivable$38,600

Accounts receivable188,900

Less: Allowance for doubtful accounts17,700

$209,800

Transactions in 2020 include the following.

1.Accounts receivable of $148,500were collected including accounts of $70,100on which3% sales discounts were allowed.2.$6,130was received in payment of an account which was written off the books as worthless in 2019.3.Customer accounts of $17,900were written off during the year.4.At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $28,500. This estimate is based on an analysis of aged accounts receivable.

Prepare all journal entries necessary to reflect the transactions above.