The beginning$-$of$-$the$-$year Accounts Receivable balance was $$32,500.$

Net sales for the year were $$510,000.($Credit sales were $$240,000$ of the total sales.$)$ Oriole does not offer cash discounts.

Collections on accounts receivable during the year were $$180,000.$

$($a$)$

Prepare summary journal entries to record the items noted above. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no ent$)$ Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

$($To record sales revenue$)$

$($To record collection on accounts$)$