UIUIA Problem 9-01A a-d (Video) At December 31, 2019, Pina Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $962,200 78,000 During 2020, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $3,670,800 48,500 2,819,100 90,000 28,400 Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts w entered. Do not indent manually.) Debit Credit No Account Titles and Explanation 00 Course for Bronx Community College Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 1. Accounts Receivable 3,670,800 Sales Revenue 3,670,800 2. Sales Returns and Allowances 48,500 Accounts Receivable 48,500 3. Cash 2,819,100 Accounts Receivable 2,819,100 4. Allowance for Doubtful Accounts 90,000 Accounts Receivable 90,000 5. Accounts Receivable 28,400 Allowance for Doubtful Accounts 28,400 (To reverse account previously written off.) 28,400 Cash 28,400 Accounts Receivable (To record the collection of accounts receivable.) Your answer is partially correct. Try again. Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts presented in the previous part.) Accounts Receivable Bal. 962,200 49,500 3,670,800 2,819,100 28,400 90,000 28,400 x Bal. Allowance for Doubtful Accounts 90,000 Bal. 78,000 5 28,400 Bal. SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT