The statement of financial position of Teal Mountain Inc. at December $31,2022,$ includes the following:

Notes receivable

Accounts receivable

Less: Allowance for expected credit losses

$$415,000$

$281,500$

$(47,400)$

$$649,100$

Transactions in $2023$ include the following:

Accounts receivable of $$144,700$ were collected.

Customer accounts of $$40,800$ were written off during the year.

In December, an additional $$16,800$ was received in payment of an account that was written off early in $2023.$

At year end, Allowance for Expected Credit Losses was estimated to need a balance of $$52,100.$ This estimate is based on an

analysis of aged accounts receivable.

Prepare all necessary journal entries for Teal Mountain to reflect the information above. $($Credit account titles are automatically indented

when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.

List all debit entries before credit entries.$)$