Problem 9-1Aad (Part Level Submission) (Video) At December 31, 2019, Pina Co. reported the following information on its balance sheet Accounts receivable $962,200 Less Allowance for doubtful accounts 70.000 During 2020, the company had the following transactions related to receivables 1. Sales on account $3.670,000 2. Sales returns and allowances 48,500 3. Collections of accounts receivable 2,819,100 4. Write-offs of accounts receivable deemed uncollectible 90,000 5. Recovery of bad debts previously written off as uncollectible 28,400 Your answer is correct Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collection of accounts receivable. (Cred account titles are automatically indented when amount is entered. Do not indent manually) No Account Titles and Explanation Debat Credit 1. Accounts Receivable 3,670.800 3.670.800 Sales Revenue 48,500 Sales Returns and Allowances 48,500 Accounts Receivable 7 Prepare the journal entry to record bad debt expense for 2020, assuming that an aging of accounts receivable indicates that expected bad debts are $115,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debat SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above