Question: Question 5: At December 31, 2019. ABC Co. reported the following information on its Balance Sheet: Doubtful Receivable Allowance for D/R $100.000 $ 60.000 During

Question 5: At December 31, 2019. ABC Co. reported the following

Question 5: At December 31, 2019. ABC Co. reported the following information on its Balance Sheet: Doubtful Receivable Allowance for D/R $100.000 $ 60.000 During 2020, the company had the following transactions related to receivable. 1. Sales made on account $2.500.000 2 Collections of accounts receivables $2.100.000 3. Write-offs of accounts receivables $ 75.000 4. Receivables proved to be doubtful $ 120.000 5. Recovery of doubtful receivables $ 150.000 Prepare the journal entries to record each of the above transactions. Open the T accounts, enter the balances and post the transactions

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