The balance sheet of Cullumber Company at December 31, 2019, includes the following Notes receivable $49,800 Accounts receivable 193,700 Less: Allowance for doubtful accounts 27,100 $216,400 Transactions in 2020 include the following 1. Accounts receivable of $155,400 were collected including accounts of $63,100 on which 3 % sales discounts were allowed. 2. $5,550 was received in payment of an account which was written off the books as worthless in 2019 3. Customer accounts of $27,300 were written off during the year. 4. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $26,900. This estimate is based on an analysis of aged accounts receivable. Prepare all journal entries necessary to reflect the transactions above. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit 1. 2. (To reinstate the accounts receivable) (To record the collection on account) 3. 4