Yates Company's records provide the following information concerning certain account balances and changes in these account balances during the current year. Transaction information is missing from each item below. Prepare the entry to record the missing information for each account. (Consider each independently.) Warning Don't show me this message again for the assignment Ok Cancel

Accounts Receivable: Jan. 1, balance $40,240, Dec. 31, balance $54,440, uncollectible accounts written off during the year, $6,280; accounts receivable collected during the year, $139,790. Prepare the entry to record sales revenue. (Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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Allowance for Doubtful Accounts: Jan. 1, balance $3,740, Dec. 31, balance $7,730, uncollectible accounts written off during the year, $20,570. Prepare the entry to record bad debt expense. (Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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Accounts Payable: Jan. 1, balance $24,170, Dec. 31, balance $48,100, purchases on account for the year, $115,460. Prepare the entry to record payments on account. (Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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Interest Receivable: Jan. 1 accrued, $3,100, Dec. 31 accrued, $2,250, recognized for the year, $36,110. Prepare the entry to record cash interest received. (Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation	Debit	Credit