Problem 9-1A At December 31, 2011, Mernt Co. reported the following information on its balance sheet. Accounts receivable $989,300 83,920 Less: Allowance for doubtful accounts During 2012, the company had the following transactions related to receivables Sales on account 1. $3,217,130 Sales returns and allowances 2. 54,780 Collections of accounts receivable 3. 2,830,810 Write-offs of accounts receivable deemed uncollectible 4 93,220 Recovery of bad debts previously written off as uncollectible 27,800 5. Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (o No Account Titles and Explanation Debit Credit 2. 4 (To reverse account previously written off.) (To record the collection of accounts receivable.) Problem 9-2A arized balaw. Tnformation related to Jordan Schlansky Company for 2012 is summa Total credit sales $2,202,000 72.000 33,950 Bad debts wntten aft (a) to (d) (a) What amount of bad debta expense wil Jordan Schlanaky Company report if it uses the diract writa-off methed of accounting for bad debts? th) Assume that Jordan Schlensky Com any esti nstes its bad debts expense to be 2% of credit 8ales what e "ount of bed debts expense wil Jordan Schlansky record if it has an Allowance for Doubtful Accounts redit balance of 85,880? Assume that lordan Schlansk Company estimates its bad debts expense based n 4% of accounts rece able. what amount o bad debts expense will lordan Schlansky record i t has an Allowance or Doubtful Acocunts credit balance o s4,4007 Assume that lordan schlansky Company estimates its bad debts expense based n 4% of accounts rece able. what amount a bad debts expense will lordan Schlansky record if it has an Allowance or Doubtful Accounts debt balance of $4,4007