Question 4 of 4 -/2.5 View Policies Current Attempt in Progress At December 31, 2021, Kingbird, Inc. reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $623,000 40,000 During 2022, the company had the following transactions related to receivables. 1. 2. 3 Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of accounts previously written off as uncollectible $2,431,000 55.000 2.367,000 45,000 13,000 4. 5. (a) 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. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit No Account Titles and Explanation Jestion 4 OT 4 - / 2.5 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. If no entry is required, select "No Entry for the account titles and enter for the amounts) No Account Titles and Explanation Debit Credit 1. 2 3. 4. 5. To reverse account previously written off) e Textbook and Media Assistance Use List of Accounts Save for Later Attempts: 0 of 5 used Submit Answe (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above