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 71 (4 points) The entry to record transaction (b) would include which of the following? Select ALL that apply. (4 marks) a) Increase Sales b) Increase Inventory c) Increase Sales Returns and Allowances d) Decrease Bad Debt Expense e) Increase Allowance for Doubtful Accounts Of) Decrease Cost of Goods Sold g) Decrease Cash Oh) Increase Accounts Receivable 1) Decrease Allowance for Doubtful Accounts Ug) Decrease Cash Oh) Increase Accounts Receivable i) Decrease Allowance for Doubtful Accounts Oj) Decrease Sales Returns and Allowances k) Decrease Accounts Receivable O 1) Increase Cost of Goods Sold m) Decrease Inventory On) Increase Cash o) Decrease Sales Op Increase Bad Debt Expense g) No entry required