ABC Corporations has the following transactions and account balances during the year: A/R beginning balance = $45,000 Al

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ABC Corporations has the following transactions and account
balances during the year:
A/R beginning balance = $45,000
Allowance for doubtful accounts beginning balance = $2,250
1. ABC made sales on account of $60,000.
2. ABC made cash sales of $20,000.
3. ABC collected $65,000 of A/R.
4. ABC wrote off $1,500 of A/R.
5. ABC subsequently collected $200 of A/R that had been
previously written off.
6. ABC estimates bad debt expense to be 5% of A/R at the end of
the year.
Required: A. Prepare all necessary journal entries for ABC.
B. Prepare the entry to record bad debt expense assuming that in
transaction #4, $4,000 of A/R had been written off instead of
$1,500.