Journalize various Accounts Receivable Transactions. The balance of Clemons Company at December 31, 2019, includes the following:

Notes Receivable

85,000

Accounts Receivable

261,650

Less: Allowance for doubtful accounts

14,690

Total

246,960

Prepare the necessary journal entries for 2020.

1. Accounts receivable of $200,000 were collected including accounts of $90,000 on which 1% sales discounts were allowed.