On December $31,2023,$ Pharoah Company reported the following information in its financial statements:

Account Receivable $$1,193,300$

Allowance for expected credit losses $83,531$

Credit losses $82,331$

During $2024,$ the company had the following transactions related to receivables:

Sales were $$10,556,000,$ of which $$8,444,800$ were on account.

Collections of accounts receivable were $$7,290,000.$

Writeoffs of accounts receivable were $$80,000.$

Recoveries of accounts previously written off as uncollectible were $$8,500.($Note that this amount is not included in the

collections referred to in item $2$ above.$)$No$.$ Account Titles and Explanation

$(1)$

$(2)$

$(3)$

$(4)$

$($To reinstate an accounts that were

previously written off$)$

$($To record recovery of accounts

that were previously written off$)$