Problem 8-02A (Part Level Submission) At December 31, 2021, Blossom Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for our accounts 5639.500 40.000 During 2022, the company had the following transactions related to receivables. 52,910,000 2,610,000 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible (a) Your answer is correct. 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.) Na A l Thand Explanation 1. Accounts Receivable Sales Revenue Sales Returns and Allowances accounts Receivable 210000 L Accounts Receivable Alowance for Doubtful Account I accounts Receivable (b) Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable Bal 639500 69300 (2) (3) 2910000 2610000 (1) (5) 15000 40000 (5) 15000 Bal Allowance for Doubtful Accounts SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO