M8-4 (Algo) Recording Recoveries Using the Allowance Method [LO 8-2] On December 31, 2020, Extreme Fitness has adjusted balances of $940,000 in Accounts Receivable and $83,000 in Allowance for Doubtful Accounts. On January 2, 2021, the company learns that certain customer accounts are not collectible, so management outhorizes a write-off of these accounts totaling $24,000. Required: Assume that on February 2, 2021, Extreme Fitness received a payment of $1,900 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the reversal of a customer account previously written off in the amount of $1,900. Note: Enter debits before credits. Journal entry worksheet Record the receipt of cash of $1,900 from the customer. Note: Enter debits before credits