Answer:
Journal Entry
Explanation:
1. Cash Dr,                                      $136,800  
Sales Discount Dr,                         $1,200
($60,000 × 2%)
          To Accounts receivable     $138,000
(Being cash is recorded)
2. Accounts receivable Dr,            $5,300  
       To Allowance for doubtful accounts	$5,300
(Being written off is recorded)
      Cash Dr,                                        $5,300  
        Accounts receivable                  $5,300
(Being payment received is recorded)
3. Allowance for doubtful accounts Dr, $17,500  
        To Accounts receivable              $17,500	
(Being  written off is recorded)
4. Bad Debts expense Dr,                $14,900
=$20,000 - ($17,300 + $5,300 - $17,500)
     To  Allowance for doubtful accounts  $14,900
(Being bad debt expenses is recorded)