Nomimojo is perhaps the top player in the Japanese umbrella s market. It had sales of $1,170,000 during 2019, including $800,000 of sales on credit. For 2019 collections of accounts receivable were $550,000. Bad debt expense was estimated at 3% of credit sales, as in previous years. Write-offs of bad debts during 2019 were $10,000.

Required: (Solve this exercise on the reserved space from the ANSWER SHEET) a) Prepare journal entries corresponding to 2019.