PT-EB [LIMA-,5} (Iournalize Various Accounts Receivable Transactions} The balance sheet of Clemons Company at Decem ber 31, 2016, includes the following. Notes receivable $ 35,000 Accounts receivable 261,650 Less: Allowance for doubtful accounts 14,690 246,960 Transactions in 2017 include the following. 1. Accounts receivable of $200,000 were collected including accounts of $90,000 on which 1% sales discounts were allowed. . $7,600 was received in payment of an account which was written off the books as worthless in 2017. 2 3. Customer accounts of $21,680 were written off during the year. 4 . At yearend. Allowance for Doubtful Accounts was estimated to need a balance of $18,680. This estimate is based on an analysis of aged accounts receivable. Instructions Prepare all journal entries necessary to reect the transactions above