Michael's Sports sells sports gear and athletic wear.On January 1, 2020, Michael's had the followingaccount balances:

Accounts Receivable$60,000

Less: Allowance for Doubtful Accounts(9,000)

Net Accounts Receivable$ 51,000

Record the following journal entries for Michael's Sports during January, 2020.

(9 points)

a. During January, Michael's wrote off $12,000 in uncollectible accounts.

DebitCredit

b. During January, Michael's made credit sales of $300,000 and collected $240,000 of accounts receivable.

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c. At the end of the month, Michael's determines that approximately 8% of its ending accounts receivablebalance will not be collected.Michael's uses the percentage of receivables method of calculating baddebts. (Hint:You must update the accounts receivable balance and allowance for doubtful accountsbalance before preparing this journal entry)

DebitCredit