08 Post. Send to Gradebook Question 6 At December 31, 2016, Buffalo Industries Imports reported this information on its balance sheet. $655,800 35,590 Accounts receivable Less: Allowance for doubtful accounts During 2017, the company had the following transactions related to receivables. 1. 2. 3. 4. 5. 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 $2,873,400 43,000 2,546,000 43,260 14,030 Enter the January 1,2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two