OXY Company use percentage of sales method for its accounts receivable. On January 27, the firm had accounts receivable in the amount of $437,000 and Allowance for Doubtful Accounts had a credit balance of $2,140 before adjustment. Net credit sales for February amounted to $3,000,000. The accountant estimated that uncollectible accounts expense would amount to 1% of net credit sales made during February. On March 10, an accounts receivable from King Brand for $6,100 was determined to be uncollectible and written off. However, on March 31, King Brand received an inheritance paid past due account in full. (a) Prepare the journal entries made by OXY Company on the following dates: 1. January 27 Date 1. March 10 Date 2. March 31 Date Account DR CR Account DR CR Account DR CR (b) Assume no other transactions occurred that affected the allowance account during March. Determine the balance of Allowance for Doubtful Accounts at March 31. Show your steps of calculation for consideration of partial credit.