The December 31, 2020 balance sheet of Mulberry Company had Accounts Receivable of $500,000 and a credit balance in Allowance for Doubtful Accounts of $42,000. During 2021, the following transactions occurred: sales on account $1,400,000; sales returns and allowances, $60,000; collections from customers, $1,280,000; accounts written off $46,000; previously written off accounts of $8,000 were collected. journalize the transactions