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Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable.

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Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit P 1. Accounts Receivable Sales Revenue 3729100 2. Sales Returns and Allowances 48800 Accounts Receivable 3. Cash Accounts Receivable 2818100 92500 4. Allowance for Doubtful Accounts Accounts Receivable 5. Accounts Receivable Allowance for Doubtful Accounts (To reverse account previously written off.) Cash Accounts Receivable (To record the collection of accounts receivable.) 28000 28000 3729100 48800 2818100 92500 28000 28000

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