Prepare Journal entries for each of the transactions above.

5. The balance sheet of Starsky Company at December 31, 2013, includes the following. Notes receivable Accounts receivable Less: Allowance for doubtful accounts $36,000 182,100 17,300 $200,800 Transactions in 2014 included the following: 1. Accounts receivable of $138,000 were collected including accounts of $60,000 on which 2% sales discounts were allowed. gross 2. $5,300 was received in payment of an account which was written off the books as worthless in 2013. 3. Customer accounts of $17,500 were written off during the year. 4. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $20,000. This estimate is based on an analysis of aged accounts receivable