Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable, (Cr when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 1. Sales Revenue 3700000 Accounts Payable 3700000 2. Sales Returns and Allowan 50000 Cash 50000 3. 2810000 Accounts Receivable 2810000 4. 90000 Accounts Receivable 90000 5. (To reverse account previously written off.) (To record the collection of accounts receivable.) SHOW LIST OF ACCOUNTS GLG Problem 8-1A (Part Level Submission) At December 31, 2016, House Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $960,000 80,000 During 2017, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $3,700,000 50,000 2,810,000 90,000 29,000