The statement of financial position of Metlock Inc. at December 31, 2019, includes the following:

Notes receivable		$315,000
Accounts receivable		281,700
Less: Allowance for doubtful accounts		(49,100	)		$547,600

Transactions in 2020 include the following:

1.		Accounts receivable of $144,500 were collected.
2.		Customer accounts of $41,100 were written off during the year.
3.		An additional $16,600 was received in payment of an account that was written off in 2020.
4.		At year end, Allowance for Doubtful Accounts was estimated to need a balance of $52,200. This estimate is based on an analysis of aged accounts receivable.

Prepare all necessary journal entries for Metlock Inc. to reflect the information above.

A list of possible accounts is as follows?

Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation - Equipment Advances to Employees Advertising Expense Allowance for Doubtful Accounts Allowance for Sales Returns and Allowances Bad Debt Expense Bank Charges Expense Cash Cash Over and Short Due from Factor Entertainment Expense Equipment Finance Expense Finance Revenue Freight in Freight out Gain on Disposal of Equipment Gain on Disposal of Land Interest Expense Interest Income Interest Receivable Inventory Land Loss on Disposal of Equipment Loss on Disposal of Land Loss on Disposal of Receivables Loss on Impairment Miscellaneous Expense No Entry Notes Payable Notes Receivable Office Expense Petty Cash Postage Expense Prepaid Expenses Purchase Discounts Recourse Liability Refund Liability Rent Expense Sales Discounts Sales Discounts Forfeited Sales Returns and Allowances Sales Revenue Servicing Liability Service Revenue Supplies Supplies Expense Unearned Revenue