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journalize all 2023 transactions affecting accounts receivable or the allowance account The December 31,2022 Balance Sheet of a company showed Accounts Receivable of $480,000 and

journalize all 2023 transactions affecting accounts receivable or the "allowance" account

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The December 31,2022 Balance Sheet of a company showed Accounts Receivable of $480,000 and an Allowance for Doubtful Accounts balance of $20,000 (credit balance). The following transactions occurred during 2023. : - sales of $6,000,000($5,500,000 on account plus cash sales of $500,000), - sales returns \& allowances $0; - normal collections on account $5,380,000; - accounts written off $20,000; - previously written off accounts of $1,000 were recovered (collected). JE's involving AR \& Allowance for D. A. for 2023 1 Sales 2 normal collections 3 write offs 4 recovery of previous write off accounts

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