Ignore GST. At the beginning of its financial year, Connors Ltd reported normal balances of $120,000 and $3,000 for Accounts Receivable and Allowance for Doubtful Accounts, respectively. During the year, credit sales were $900,000, sales discounts were $10,000, cash received from customers was $850,000, total write-offs were $6,000, and write-off recoveries were $2,000.

Required:

Using the T account format, enter the beginning balances of Accounts Receivable and Allowance for Doubtful Accounts, post the above events, and calculate the ending balance of each account. Cross-referencing is not required.