Exercise 8-5 (Part Level Submission) On December 31, 2017, when its accounts receivable were $372,000 and its account Allowance for Doubtful Accounts had an unadjusted debit balance of $2,500, Tri Town Corp. estimated that $20,800 of its accounts receivable would become uncollectible, and it recorded the bad debts adjusting entry. On May 11, 2018, Tri Towrn determined that Fei Ya Cheng's account was uncollectible and wrote off $2,400. On November 12, 2018, Cheng paid the amount previously written off Your answer is correct. Prepare the required journal entries to record each of the above transactions. (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.) 2017 Date Account Titles and Explanation Debit Credit Dec. 31 Bad Debts Expense 23300 Allowance for Doubtful Accounts 23300 2018 Date Account Titles and Explanation Debit Credit May, 11 Allowance for Doubtful Accounts 2400 Accounts Receivable 2400 Nov. 12 Accounts Receivable 2400 Allowance for Doubtful Accounts 2400 (To reinstate account previously written off) Cash 2400 Accounts Receivable 2400 (To record amount collected)