Question 6 of 7 2.67/5 !! View Poliches Show Attempt History Current Attempt in Progress At December 31, 2021.Crane Imports reported this information on its balance sheet Accounts receivable Less: Allowance for doubtful accounts $639,600 36.000 During 2022, the company had the following transactions related to receivables. UN Saves on account Sales returns and allowances Collections toccounts receivable Write-offs of accounts receivable deemed collect Recovery of bad debits previously written of collectible $2.650,000 55.000 2.350.000 40,500 15.300 Cal Your brewers correct Prepare the lournal entries to record each of these five transactions. Assume that noch 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 Credit No. Acoount Titles and Explanation 1 Accounts fecable Debit 2.850.000 Sales 2.600.000 2 DROIX th e Textbook and Media List of Accounts Attempts: 3 of 3 used (c) Your answer is partially correct. Prepare the journal entry to record bad debt expense for 2022 assuming that aging the accounts receivable indicates that estimated bad debts are $45,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Bad Debit Expense 45,000 Allowance for Doubtful Accounts 45.000 e Textbook and Media List of Accounts Sumit Answer Attempts: 1 of 3 used Save for Liter (01) The parts of this question must be completed in order. This part will be available when you complete the part above