The December $31,2020$ balance sheet of the ABC had Accounts Receivable of $$760\mathrm{.}000$ and

a credit balance in Allowance for Doubtful Accounts of $$28\mathrm{.}200.$ During $2021,$ the following

transactions occurred: sales on account $$1,450,000$ : sales returns and allowances, $$100,000$ :

collections from customers, $5982,250$ : accounts receivables written off. $$45,000$; previously

written off accounts of $$7\mathrm{.}320$ were collected.

ABC Chart of Account

Chart of Account

Account No$.$

Description

Cash

$2$

Sales Revenue

$3$

Accounts Receivable

$4$

Allowance for Doubtful Accounts

$5$

Bad Debt Expense

$6$

Sales Return and Allowance

$7$

Sales Discount

Enter the Account No$.$ and amount for the entry.

Journal entries for Sales: