At January $1,2024,$ Runner Inc. reported the following information on its statement of financial pusicis

Accounts receivable

$$550,000$

Allowance for expected credit losses

$46,000$

During $2024,$ the company had the following summary transactions for receivables:

Sales on account, $$1,700,000$; cost of goods sold, $$969,000$; return rate, $5\%$

Selling price of goods returned, $$91,000$; cost of goods returned to inventory, $$51,870$

Collections of accounts receivable, $$1,700,000$

Write$-$offs of accounts receivable deemed uncollectible, $$48,000$

Collection of accounts previously written off as uncollectible, $$13,000$

After considering all of the above transactions, total estimated uncollectible accounts, $$30,000$

$($a$)$

Prepare the journal entries to record each of the above summary transactions. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$$

$$

$$

$($To record sales$)$

$$

$$

$$

$($To record cost of goods sold$)$

$($To record cost of goods sold$)$

$2.$

$$

$($To record sales returns$)$

$$

$$

$($To record cost of goods returned$)$

$3.$

$$

$4.$

$5.$

$$

$($To reverse write$-$off of account receivable$)$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$