III. Receivables (15 points) At December 31, 2020, PSH Co. had a credit balance of $12,000 in Allowance for Doubtful Accounts and debit balance of $50,000 in Accounts Receivable (Beginning Balances). During 2021, PSH Co. wrote off accounts totaling $9,000. One of those accounts ($ 2,000) was later collected. At December 31, 2021, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $18,000. 1. Prepare journal entry to record the write-off ($9,000). (3 points) Account titles Debit Credit 2. Prepare journal entries to record the recovery (collection) of an uncollectible accounts($2,000). (6 points) Account titles Debit Credit Account titles Debit Credit 3. Prepare journal entry to estimate the allowance/bad debt expense at December 31, 2021. (3 points) Account titles Debit Credit 4. Show the balances of Accounts Receivable, Allowance for Doubtful Accounts, and Net Cash Realizable Value of Accounts Receivable at December 31, 2021. (3 points) Ans) Accounts Receivable $ Allowance for Doubtful Accounts $ Net Cash Realizable Value $