How do I do the journal entries. Note: The (brackets) are for the journal entry above, not below. THIS ALL THE SAME QUESTION! Not 2 seperate

Sheridan Ltd. began operations in January 2023. On December 31,2023, the end of its first year of operations, the balance in the company's Accounts Receivable account was $126,000. All of the company's sales are made on account, and during 2023,80% of the total credit sales were collected, and no accounts were written off as uncollectible. Sheridan's management grouped its receivables based on credit risk characteristics, including geographic location and the length of time the receivables have been outstanding, and estimated the expected rate of credit losses for each group. Based on this, management estimated that the expected total credit losses would be $12,600. During the following year, 2024, Sheridan had sales totalling $964,000. It collected 75% of these sales, together with 95% of the outstanding receivables from 2023 . During 2024, the compary wrote off $19,600 of receivables from customers whose accounts were determined to be uncollectible. During the year, the company also recovered $3,400 from customers whose accounts had previously been written off. (Note that this amount was not included in the collection figures given above.) Management determined that the expected total credit losses would be $20,500. Prepare the necessary journal entries for recording all of the preceding transactions in the accounting system of Sheridan Ltd. for 2023 and 2024. (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 0 for the amounts. List all debit entries before credit entries.) [ 2 2024 (To record credit sales) (To record cash collected from customers) (To write off accounts judged uncollectible) (To reinstate an account that was previously written off) (To record subsequent collection of accounts that were previously written off) (To recognize the credit losses)