Question 6 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. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,873,400 43,000 2,546,000 43,260 14,030 Assume that no cash discounts were taken on the collections of accounts Prepare the journal entries to record each of these five transactions. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Account Titles and Explanation