Journal Entries for Credit Losses At January $1,$ the Griffin Company had the following accounts on its books:

$\backslash$table$[[$Accounts Receivable,$$130,000,$Debit$],[$Allowance for Doubtful Accounts,$$7,200,$Credit$],[$During the year, credit sales were:,$$851,000,],[$and collections on account were:,$$794,000,]]$

The following transactions, among others, occurred during the year:

$\backslash$table$[[$Jan$.11,$Wrote offJ. Wolf's account,,$$3,200$