URGENT!!

Jackson Corp. is a wholesaler of imported products. The company had the following opening balances at January 1, 2020: Accounts receivable Allowance for doubtful accounts Net realizable value $357,400 $-42,888 $314,512 During 2020, the company had the following summary transactions: a. Sales on account, $3,881,000; cost of goods sold, $1,746,000 b. Products returned by customers, $78,000; cost of inventory returned, $35,000 c. Cash collections on accounts receivable, $3,571,000 d. Write-offs of accounts receivable determined to be uncollectable, $53,610 e. A customer that was previously written off sent in a cheque for $4,800 f. You estimate that $64,000 of your accounts receivable will be uncollected in the upcoming year. Record all of the above transactions and then answer the questions that follow. Question 70 (4 points) The entry to record transaction (a) would include which of the following? Select ALL that apply. (4 marks) a) Decrease Inventory b) Decrease Cash c) Decrease Bad Debt Expense d) Decrease Accounts Receivable e) Increase Cost of Goods Sold f) Decrease Allowance for Doubtful Accounts g) Increase Cash Oh) Increase Accounts Receivable i) Decrease Cost of Goods Sold f) Decrease Allowance for Doubtful Accounts g) Increase Cash h) Increase Accounts Receivable i) Decrease Cost of Goods Sold j) Increase Inventory k) Increase Allowance for Doubtful Accounts 1) Increase Sales m) Decrease Sales n) No entry required Oo) Increase Bad Debt Expense