View Policies Show Attempt History Current Attempt in Progress At December 31, 2021. Wildhorse Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $563,000 39,000 During 2022, the company had the following transactions related to receivables. 1. 2. 3. Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $2,470,000 52,000 2,170,000 45,000 15,000 4. 5. Question 6 of 6 0.1/1 Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 2 3 5 To reinstate account previously written of Question 6 of 6 0.1/1 Your answer is partially correct Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances. (Post entries in the order of journal entries posted in the previous part) Accounts Receivable 563000 (2) Bal 52000 2470000 (3) 2170000 15) 15000 14) 45000 (5) 15000 Allowance for Doubtful Accounts e Textbook and Media List of Accounts Question 6 of 6