On January 1, 2012, Bell Inc. had the following accounts on its books: Accounts Receivable $60,000 (debit) Allowance for doubtful accounts $12,000 (credit) During January 2012, the following transactions occurred: . On January 5, wrote off the account of customer T. Jones for $5,000 . During January, the company performed $200,000 of services on account . During January, the company collected $180,000 from customers on account. - At January 31, based on aging their accounts receivables, the company estimated that $24,000 of their accounts receivable will not be collectible Required: Prepare the journal entries for January for the above transactions