Prepare the journal entries necessary to record the following transactions and economic events for Sahali Ltd. (Sahali):

a. During 2015 Sahali had cash sales of \($175,000\) and credit sales of $625,000.

b. During 2015 \($405,000\) of accounts receivable were collected.

c. Management estimated that 5 percent of credit sales wouldn’t be collected.

d. During 2015 Sahali wrote off \($34,000\) of accounts receivables.