Need answer for section b at the bottom for accounts receivable, allowance for doubtful account, total.

Question 3 Partially correct Mark 56:47 out of EDDA F Flag question Journal Entries for Credit Losses At January 1, the Chesley Company had the following accounts on its books: Accounts Receivable $256,000 Debit Allowance for Doubtful Accounts $14,200 Credit During the year, credit sales were: $1,662,000 and collections on account were: $1.5-2.0DD The following transactions, among others, occurred during the year. Jan 11 Wrote off]. Smith's account $6,000 Apr 29 Wrote off. Bird's account $2,400 Nov.15 Received 51.400 from B. Bird, to pay a debt that had been written off on April 29 This amount is not included in the $1.542,000 collections. Dec 05 Wrote off D. Finger's account, $4,700 Dec 31 In an adjusting entry, recorded the allowance for doubtful accounts at 196 of credit sales for the year Required a. Prepare journal entries to record the credit sales, the collections on account, and the preceding transactions and adjustment. b. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet. a Debit 1,662,000 low Credit 0 1,662,000 1,542,0DD Dw 0 1,542,000 6,000 07 6,000 D 2,400 0 2,400 General Journal Date Description Dec31 Accounts Receivable . Sales Revenue To record credit sales revenue for the year Cash Dec 31 Accounts Receivable To record collections on account for the year. Feb.17 Allowance for Doubtful Accounts . Accounts Receivable - Smith To write offs Smith's account May.28 Allowance for Doubtful Accounts Accounts Receivable - B. Bird To write off B. Bird's account OCL 13 Accounts Receivable - B. Bird Allowance for Doubtful Accounts To reinstate B. Bird's account for partial recovery, Oct 13 Cash Accounts Receivable - Bird To record collection from B. Bird Dec. 15 Allowance for Doubtful Accounts a Accounts Receivable-DFinger To write-off D Finger's account Dec 31 Bad Debts Expense Allowance for Doubtful Accounts To record allowance for doubtful accounts 1,400 0 1,400 1,400 DW O 1,400 4,700 0 0 4,700 16,620 al 0 16,620 1 b. Do not use negative signs with your answers, Accounts Receivable DX Less: Allowance for Doubtful Accounts 92,220 5 0X