CALOULATOR MESSAGE BY INSTRUCTOR FULL SCREEN FULL SCREEN PRINTER VERSION TRACK ME Exercise 7-20 (Part Level Submission) Presented below is information for Jones Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance was $15,000. Net sales (all on account) for the year were $100,000. Jones does not offer cash discounts Collections on accounts receivable during the year were $70,000. - (a) Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work