• The balance sheet at the end of 2018 reported Accounts Receivable of $785,500 and Allowance for Doubtful Accounts of $11,783 (credit balance).
• The companys total sales during 2019 were $8,350,200. Of these, $1,252,530 were cash sales the rest were credit sales.
• By the end of the year, the company had collected $6,291,700 of accounts receivable.
• It also wrote off an account for $10,380.

Questions

1.Prepare the journal entry for sales.

2. Prepare the journal entry for collections.

3. Prepare the journal entry for write-offs.

4. Post the beginning balance and the journal entries to the T-account for Accounts Receivable. Calculate the balance after these entries have been posted.

5.

Post the beginning balance and the journal entries to the T-account Allowance for Doubtful Accounts. Calculate and enter the balance after these entries have been posted.