Problem 8-1A (Part Level Submission) At January 1, 2018, Golden Valley Imports Inc. reported the following on its statement of financial position: Accounts receivable Allowance for doubtful accounts $1,766,000 123,000 During 2018, the company had the following summary transactions for receivables: 1. Sales on account, $5,382,000; Cost of goods sold, $2,968,000 2. Sales returns and allowances, $86,000; Cost of goods returned to inventory, $49,000 3. Collections of accounts receivable, $5,382,000 4. Interest added to overdue accounts, $401,000 5. Write offs of accounts receivable deemed uncollectible, $150,000 6. Collection of accounts previously written off as uncollectible, $66,000 7. After considering all of the above transactions, total estimated uncollectible accounts, $95,000 (a) Prepare journal entries to record each of the above summary transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit (To record sales) (To record cost of goods sold) (To record sales returns) (To record cost of goods returned) (To reverse write-off of account receivable) (To record collection of account receivable)