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Wecox Miss a manutacturer that makes a les on 30 day credit terms anual sales are approximately $30 milion. At the end of your accounts

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Wecox Miss a manutacturer that makes a les on 30 day credit terms anual sales are approximately $30 milion. At the end of your accounts receivable were presented in the company's balance she follows accounts receivable from clients Alle for doubtful accounts s. During year 2.5195.000 of specific accounts receivable were written off as uncollectible. Of these accounts written off receivables totsing $17.000 were subsequently collected. At the end of year 2. an aging of accounts receivabile indicated a need for a $250.000 slowance to cover possible future to collect the accounts currently outstanding Wilcox Mills makes adjusting entries for uncollectible accounts only at year-end. Required: Prepare the following general journal entries. Of ne entry is required for a transaction/event, select "No journal entry required in the first account field) 1. One entry to summartze all accounts written off against the Allowance for Doubtful Accounts during your 2. 2. Entries to record the 517000 in accounts receivable that were subsequently collected 3. The adjusting entry required at December 31, year 2 to increase the Allowance for Doubtful Accounts to $25,000

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