Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year-end. The 2020 balance sheet disclosed the following: Current assets: Receivables, net of allowance for uncollectible accounts of $41,000 $ 487,000 During 2021, credit sales were $1,805,000, cash collections from customers $1,885,000, and $50,000 in accounts receivable were written off. In addition, $4,100 was collected from a customer whose account was written off in 2020. An aging of accounts receivable at December 31, 2021, reveals the following: Age Group 0-60 days 61-90 days 91-120 days Over 120 days Percentage of Year-End Receivables in Group 65% 15 15 5 Percent Uncollectible 48 10 30 50 Required: 1. Prepare summary journal entries to account for the 2021 write-offs and the collection of the receivable previously written off. Required 1 Required 2 Required 3 Prepare summary journal entries to account for the 2021 write-offs and the collection of the receivable pre is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record entry to reinstate an account receivable previously written off. Note: Enter debits before credits. General Journal Debit Credit Event 2 Record entry Clear entry View general Journal Required 1 Required 2 Required 3 Prepare summary journal entries to account for the 2021 write-offs and the collection of the receivable previously writte is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record collection of an account receivable previously written off. Note: Enter debits before credits. General Journal Debit Credit Event 3 Record entry Clear entry View general Journal