Current Attempt in Progress * Your answer is incorrect. The balance sheet of Monty Company at December 31, 2019. includes the following $ 44,200 Notes receivable Accounts receivable Less: Allowance for doubtful accounts 182.300 47.400 $ 209.100 Transactions in 2020 include the following. 1. 2. Accounts receivable of $ 150,300 were collected including accounts of $ 69,000 on which 3% sales discounts were allowed. $5,450 was received in payment of an account which was written off the books as worthless in 2019. Customer accounts of $ 17,600 were written off during the year At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $ 25,600. This estimate is based on an analysis of aged accounts receivable. 3. 4. Prepare all journal entries necessary to reflect the transactions above. (If no entry is required, select "No Entry for the account automatically indented when the amount is entered. Do not Transactions in 2020 include the following 1 2. 3. Accounts receivable of $ 150,300 were collected including accounts of $ 69,000 on which 3% sales discounts were allowed. $5,450 was received in payment of an account which was written off the books as worthless in 2019, Customer accounts of 5 17.600 were written off during the year, At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $ 25,600. This estimate is based on an analysis of aged accounts receivable, 4. Prepare all journal entries necessary to reflect the tram-actions above. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1 (To reinstate the accounts receivable) HILO LA TE TIIN IT TO (To record the collection on account) 3 4