Stephenson Corp. is a wholesaler of imported products. The company had the following opening balances at January 1, 2020: Accounts receivable $248,000 Less: Allowance for doubtful accounts $-29,760 Net realizable value $218,240 During 2020, the company had the following summary transactions: a. Sales on account, $2,693,000; cost of goods sold, $1,212,000 b. Products returned by customers, $54,000; cost of inventory returned, $24,000 c. Cash collections on accounts receivable, $2,478,000 d. Write-offs of accounts receivable determined to be uncollectable, $37,200 e. A customer that was previously written off sent in a cheque for $3,300 f. You estimate that $45,000 of your accounts receivable will be uncollected in the upcoming year. Record all of the above transactions and then answer the questions that follow. Question 71 (4 points) The entry to record transaction (e) would include which of the following? Select ALL that apply. (4 marks) a) Decrease Accounts Receivable b) Increase Accounts Receivable c) Increase Bad Debt Expense d) Increase Allowance for Doubtful Accounts e) Decrease Cash f) Increase Cost of Goods Sold g) No entry required Oh) Decrease Bad Debt Expense i) Increase Cash Oj) Decrease Allowance for Doubtful Accounts k) Decrease Cost of Goods Sold Question 72 (2 points) The entry to record transaction (f) would include which of the following? Select ALL that apply. a) Increase Bad Debt Expense b) Decrease Bad Debt Expense c) Increase Accounts Receivable d) Decrease Cash e) No entry required f) Increase Cost of Goods Sold g) Decrease Accounts Receivable Oh) Increase Allowance for Doubtful Accounts Oi) Increase Cash Oj) Decrease Cost of Goods Sold k) Decrease Allowance for Doubtful Accounts