Compute the missing amounts for each of the following notes. Record the following transactions on the books of Cohen Co. (Omit cost of goods sold entries.) (a) On July 1, Cohen Co. sold merchandise on account to Tracy Inc. for $22,600, terms 3/10, n/30. (b) On July 8, Tracy Inc. returned merchandise worth $2,700 to Cohen Co. (c) On July 11, Tracy Inc. paid for the merchandise. At the end of 2013, Morley Co. has accounts receivable of $741,900 and an allowance for doubtful accounts of $26,740. 1. On January 24, 2014, it is learned that the company's receivable from Spears Inc. is not collectible and therefore management authorizes a write-off of $4,670. 2. On March 4, 2014, Morley Co. receives payment of $4,670 in full from Spears Inc. Prepare the journal entries to record this transaction