Your answer is partially correct. Try again. Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part) Accounts Receivable 967,000 (2) 3,951,88011 (3) | 28,000 (4) Bal. 55,000 2820000 (5) 95,000 28,000 Bal. | 4946880 Allowance for Doubtful Accounts 95,00011 Bal. 28,000 Bal. | 103000 Problem 8-01A a-d (Part Level Submission) (Video) At December 31, 2019, Tamarisk, Inc. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $967,000 75,000 During 2020, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible 28,000 $3,951,880 55,000 2,820,000 95,000