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 $$4,800.$ On January $23,$ the decision was made to write$-$off an account belonging to Cub Co$.$ for $$5,900$ for which all reasonable collection options had been exhausted.

$($a$)$

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

Date Account Titles and Explanation

Debit

Credit

Jan. $14$

$$

$($To reverse write$-$off of account$)$

Jan. $14$

$($To record collection$)$

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List of Accounts