Johnson Ltd. reported the following information on financial statements for the year ended December 31, 2019:

Accounts receivable		$ 2,952,000
Allowance for doubtful accounts		95,320
Bad debts expense		151,970

Assume all 2019 balance are normal balances. During 2020, the company had the following transactions related to receivables:

1.	Sales were $ 26,410,000, of which $ 21,176,000 were on account.
2.	Collections of accounts receivable were $ 19,978,000.
3.	Writeoffs of accounts receivable were $ 102,100.
4.	Recoveries of accounts previously written off as uncollectible were $ 21,400. (Note that this amount is not included in the collections referred to in item b above.)

Prepare the journal entries to record each of the four items above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
(1)	Enter an account title.	Enter a debit amount.	Enter a credit amount.
	Enter an account title.	Enter a debit amount.	Enter a credit amount.
	Enter an account title.	Enter a debit amount.	Enter a credit amount.
(2)	Enter an account title.	Enter a debit amount.	Enter a credit amount.
	Enter an account title.	Enter a debit amount.	Enter a credit amount.
(3)	Enter an account title.	Enter a debit amount.	Enter a credit amount.
	Enter an account title.	Enter a debit amount.	Enter a credit amount.
(4)	Enter an account title to reinstate an accounts that were previously written off.	Enter a debit amount.	Enter a credit amount.
	Enter an account title to reinstate an accounts that were previously written off.	Enter a debit amount.	Enter a credit amount.
	(To reinstate an accounts that were previously written off)
	Enter an account title to record recovery of accounts that were previously written off.	Enter a debit amount.	Enter a credit amount.
	Enter an account title to record recovery of accounts that were previously written off.	Enter a debit amount.	Enter a credit amount.
	(To record recovery of accounts that were previously written off)

eTextbook and Media

List of Accounts

Enter the Accounts Receivable and the Allowance for Doubtful Accounts balances on January 1, 2020. Then post the entries from part a and calculate the new balances in these accounts.

Accounts Receivable
Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a debit amount.		Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a credit amount.
Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a debit amount.		Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a credit amount.
Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a debit amount.		Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a credit amount.
Choose the end date of the accounting period. Bal.(1)(2)(3)(4)	Enter a debit balance.		Choose the end date of the accounting period. Bal.(1)(2)(3)(4)	Enter a credit balance.

Allowance for Doubtful Accounts
Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a debit amount.		Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a credit amount.
Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a debit amount.		Choose a transaction number. Bal.(1)(2)(3)(4)	Enter a credit amount.
Choose the end date of the accounting period. Bal.(1)(2)(3)(4)	Enter a debit balance.		Choose the end date of the accounting period. Bal.(1)(2)(3)(4)	Enter a credit balance.

eTextbook and Media

List of Accounts

Prepare the journal entry to record the bad debts expense for 2020. Johnson Ltd. uses the aging of accounts receivable method and has prepared an aging schedule, which indicates that the estimated value of the uncollectible accounts as at the end of 2020 is $ 128,300. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
Enter an account title.	Enter a debit amount.	Enter a credit balance.
Enter an account title.	Enter a debit amount.	Enter a credit balance.

eTextbook and Media

List of Accounts

Show what would be presented on the statement of financial position as at December 31, 2020, related to accounts receivable.

	Johnson Ltd. Statement of Financial Position Choose the accounting period. December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020
	Enter a balance sheet item.		$ Enter a dollar amount.
	Enter a balance sheet item.		Enter a dollar amount.
	Net Accounts Receivable		$ Enter a total amount for this section.