Smart Stationery L$.$L$.$C$,$ a stationary wholesaler, sells stationery on credit to its customers. On January $1$st the company recorded $$700,000$ in sales on credit. However, it is estimated that $10\%$ of the credit sales will not be collected. ABC Company uses the allowance method to account for bad debts.

On January $8$th$,$ Smart Stationery sold goods worth $$35,000$ to Rainbow Stationary on credit, the due date is January $14$th$.$

On January $10$th$,$ Rainbow Stationery made a partial payment of $$25,000.$

On January $20$th$,$ Smart Stationery made an attempt to contact Rainbow Stationary but received no response. Later, Smart Stationery discovered that Rainbow Stationary had closed down on the same day, January $20$th$.$

On February $14$th$,$ Rainbow Stationary contacted Smart Stationery and made another payment of $$5,000.$

As the accountant of Smart Stationery L$.$L$.$C$,$ journalize ALL transactions related to Rainbow Stationary's account from January $1$st to February $14$th$.$