Teal Mountain Company began the year with a debit balance in Accounts Receivable of $$640,000$ and a credit balance in Allowance for Doubtful Accounts of $$32,000.$ On January $14,$ a collection was made on the previously written off account of Cardinal Co$.$ for $$4800.$ On January $23,$ the decision was made to write$-$off an account belonging to Cub Co$.$ for $$5,900$ for which all reasonable collection options had been exhausted.

$($a$)$

Your answer is correct.

Prepare the joumal entries to record the collection of the previously written off account on January $14.($Credit account titles are cutomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entrles$)$

$($b$)$

Prepare the journal entry to record the write$-$ off of the account on January $23.($Credit account tites are automatically indented When the amount is entered. Do not indent manualy, List debit entry before credit entry$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $$

$$

$$