Problem 8-2A At December 31, 2013, Weiss Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $652,000 59,000 During 2014, the company had the following transactions related to receivables. 1. 2. 3. 4. 5. Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $2,930,000 61,300 2,900,000 40,400 12,000