At December $31,2016,$ Sussie Imports reported this information on its balance sheet.

Accounts Receivable $$600,000$

Less allowance for bad debts $$37,000$

During $2017,$ the company had the following transactions related to receivables.

Sales on account

Sales returns and allowances

Collections of accounts receivable

Write off of accounts deemed uncollectible

$$2,500,000$

$50,000$

$2,200,000$

$41,000$

Recovery of bad debts previously written of as uncollectible

$15,000$

A$.$ Prepare the journal entries to record each of the five transactions. Assume no cash discounts were taken on the collection of the receivables.

B$.$ Enter the January $1,2017,$ balances in accounts receivable and allowance for doubtful accounts, post the entries to the two accounts$($use I$-$ account$)$ and determine the balances.

C$.$ Prepare the joumal entry to record bad debt expense for $2017,$ assuming that aging the accounts receivable indicates that the estimated bad debts are $$46,000$