Problem 5-80A Recording Revenue, Recelvables, and Bad Debt Expense On January 1, 2019, Import Properties Inc. reported the following balances on its statement of financial position: $2,105,000 Allowance for doubtful accounts 195,000 During 2019, the company conducted the following transactions: a. Sold goods on account for $6,000,000 b. Processed sales returns of $50,000 c. Processed sales allowances of $40,000 d. Collected $6,950,000 of accounts receivable e. Added interest to overdue accounts receivable of $150,000 f. Wrote off accounts recelvable considered uncollectible of $75,000 g. Recovered accounts receivable previously written off of $45,00 Required: 1. Prepare the journal entries to record the above transactions. (Record sales) Check My Work Submit Ass mall Instructor Save and Exit