View Policies Show Attempt History Current Attempt in Progress At December 31, 2019, Pina Medical reported the following information on its statement of financial position. Accounts receivable R$963,700 Less: Allowance for doubtful accounts 79,700 During 2020, the company had the following transactions related to receivables. 1. Sales on account R$3,743,400 2. 50,900 Sales returns and allowances Collections of accounts receivable 3. 2,809,500 4. Write-offs of accounts receivable deemed uncollectible 90,000 5. Recovery of bad debts previously written off as uncollectible 27,000 Account Titles and Explanation Debit Credit Accounts Receivable 3743400 Sales Revenue 3743400 Sales Returns and Allowances 50900 Accounts Receivable 50900 cash 2809500 Accounts Receivable 2809500 Allowance for Doubtful Accounts 90000 Accounts Receivable 90000 Accounts Receivable 27000 Allowance for Doubtful Accounts 27000 (To reverse account previously written off.) Cash 27000 Accounts Receivable 27000 (To record the collection of accounts receivable.) (b) Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable