Instructions McKinney & Co. estimates its uncollectible accounts as a percentage of credit sales. McKinney made credit sales of $2,800,000 in 2019. McKinney estimates 3.5% of its sales will be uncollectible. At the end of the first quarter of 2020, McKinney & Co. reevaluates its receivables. McKinney's management decides that $9,600 due from Mangold Corporation will not be collectible. This amount was previously included in the allowance account. On April 23, 2020, McKinney & Co. receives a check from Mangold Corporation for $9,600. Required: Prepare the journal entries for McKinney to record the collection of the account previously written off.