Ivanhoe Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 8% of receivables will eventually be uncollectible. Selected account balances at December 31, 2019, and December 31, 2020, appear below: Net Credit Sales Accounts Receivable Allowance for Doubtful Accounts (a) 12/31/19 Oct. 10 $324,000 Nov. 15 64.800 5.184 12/31/20 $432,000 86,400 Record the following events in 2020. The given balance in the Accounts Receivable account at December 31, 2020 reflects the 2020 transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) ? Aug. 10 Determined that the account of L. Young for $648 is uncollectible. Sept. 12 Determined that the account of J. E. Ford for $3,672 is uncollectible. Received a check for $432 as payment on account from L. Young, whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November. Received a check for $216 from L. Young as payment on her account. Date Aug. 10 Sept. 12 Oct. 10 + + Account Titles and Explanation (To reinstate L. Young account previously written off) (To record collection on account) Debit MO Credit