Question 1 At December 31,2016, Buffalo Industries Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts 655,800 35,590 During 2017, the company had the following transactions related to receivables. $2,873,400 43,000 2546,000 43,260 5. Recovery of bad debts previously written off as uncollectible 14,030 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 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.) No. Account Titles and Explanation 1. Debit Credit