Problem 8-2A (Part Level Submission) At December 31, 2016, Ivanhoe Company Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $655,700 35,770 During 2017, the company had the following transactions related to receivables. 1 2. Sales on account $2,973,300 Sales returns and allowances 3 72,900 Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible S Recovery of bad debts previously written off as uncollectible 2,622,800 44,090 15,790 (a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automa tically indented when amount is entered. Do not indent manually.) No. ACCOUnt Ticres and EXplanation DeDit Creait 1. 2. (To reinstate account previously written off)