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 5639.500 40.000 accounts 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 15.000 (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.) Ne A t The and planation Accounts Receivable Sales Revenue Sales Returns and Allowances Accounts Receivable Accounts Receivable Allowance for Doubtful Account Account a ble MCX Accounts Receivable 5. Accounts Receivable Allowance for Account A Receivable (b) Your answer is correct. 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) Prepare the journal entry to record bad debt expense for 2022, assuming that aging the accounts receivable indicates that estimated bad debts are $44,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)