At December 31, 2026, Culver Imports reported this information on its balance sheet. Accounts receivable $558,400...

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At December 31, 2026, Culver Imports reported this information on its balance sheet. Accounts receivable $558,400 Less: Allowance for doubtful accounts 39,840 During 2027, the company had the following transactions related to receivables. 1. Sales on account $2,885,000 2. Sales returns and allowances 72,500 3. Collections of accounts receivable 2,622,900 4. Write-offs of accounts receivable deemed uncollectible 42,170 (a) Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Allowance for Doubtful Accounts, Revenue, and Expense. Enter the January 1, 2027, balances in Accounts Receivable and Allowance for Doubtful Accounts. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. -Increases in expenses require a negative sign or parentheses. Increases to Allowance for Doubtful Accounts require a negative sign or parentheses. Beg. Bal. LA $ Cash +A Assets Accts. Rec. $ CA Allow. For Doubtful Accts. = Liabilities + $ Common Stock $ CA Stockholders' Equity Rev. Retained Earnings $ Exp. At December 31, 2026, Culver Imports reported this information on its balance sheet. Accounts receivable $558,400 Less: Allowance for doubtful accounts 39,840 During 2027, the company had the following transactions related to receivables. 1. Sales on account $2,885,000 2. Sales returns and allowances 72,500 3. Collections of accounts receivable 2,622,900 4. Write-offs of accounts receivable deemed uncollectible 42,170 (a) Prepare a tabular summary that includes the following accounts: Cash, Accounts Receivable, Allowance for Doubtful Accounts, Revenue, and Expense. Enter the January 1, 2027, balances in Accounts Receivable and Allowance for Doubtful Accounts. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. -Increases in expenses require a negative sign or parentheses. Increases to Allowance for Doubtful Accounts require a negative sign or parentheses. Beg. Bal. LA $ Cash +A Assets Accts. Rec. $ CA Allow. For Doubtful Accts. = Liabilities + $ Common Stock $ CA Stockholders' Equity Rev. Retained Earnings $ Exp.