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This exercise continues the situation of exercise $ 4 - 7 , in which Environmental Products ended the year 2 0 X 1 with accounts

This exercise continues the situation of exercise $4-7, in which Environmental Products ended the year 20X1 with accounts receivable of $80,000 and an allowance for uncollectible accounts of $17,500. During 20X2, Environmental Products completed the following transactions:1. Credit sales, $1,000,0002. Collections on account, $880,0003. Write-offs of uncollectibles, $16,0004. Bad debr expense, $15,000Journalize the 20X2 transactions for Environmental Products. Explanations are not required.

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