If you cannot see the images please right click on them and select "open in a new tab". These questions are all a part of the same problem so it would be great if you could answer them. I have also included a list of terms that can be used for the entries. Thanks!

Instruct At the beginning of 2016, Miyazaki Company's Accounts Receivable balance was $105,000 and the balance in Allowance for Doubtful Accounts was $11950. Miyazaki's sales in 2016 were $787,500, 80% of which were on credit. Collections on account during the year were $502,500. The company wrote off $3,000 of uncollectible accounts during the year. Required: 1. Prepare summary journal entries related to the sales, collections, and write-offs of accounts receivable during 2016. 2. Prepare foumal entres to recognize bad debts assuming that (a) bad debts expense is 3% of credit sales and (b) amounts expected to be uncollectible are 6% of the year-end accounts receivable. 3. What is the net realizable value of accounts receivable on December 31, 2016, under each assumption in part 12. 4. What effect does the recognition of bad debts expense have on the net realizable value? What effect does the wnite-off of accounts have on the n et realzable value