Problem 8-4A A CHECK FIGURES: 2. Bad Debt Expense = $20,460 5, Bad Debt Expense = $7,200 BeleVu Supplies showed the following selected adjusted balances at its December 31, 2016, year-end: ccounts receivable transactions and bad debt adjustments LO1,2,3 Accounts Receivable Allowance for Doubtful Accounts Dec. 31/16 16,400Dec. 31/16 Balance Balance40,000 During the year 2017, the following selected transactions occurred: a. Sales totaled $2.800,000, of which 25% were cash sales (cost of sales $1,804,000). b. Sales returns were $108,000, half regarding credit sales. The returned merchandise was scrapped. c. An account for $24,000 was recovered. d. Several accounts were written off; $26,000. e. Collections from credit customers totalled $1,790,000 (excluding the recovery in (c) above). Part A Required transactions (a) through (e). You may find it useful to post your entries to T-a 1. Journalize for Accounts Receivable and Allowance for Doubtful Accounts