An Inexperienced Accountant Made the Following Entries Required: Prepare the Correcting Entries

An inexperienced accountant made the following entries. In each case, the explanation to the entry is correct. $$\begin{array} { | l | l | r | r | } \hline \text { Dec. 17 } & \text { Cash } & 4,410 & \\\hline & \begin{array} { l } \text { Trade Accounts Receivable } \\\text { (To record collection of Dec. 10 sales, net of } \\\$ 90 \text { sales discounter) }\end{array} & & 4,410 \\\hline 27 & \text { Cash } & 1,200 & \\\hline & \begin{array} { l } \text { Bad Debts Expense } \\\text { (Collection of account previously written off } \\\text { as uncollectible under allowance method) }\end{array} & & 1,200 \\\hline 31 & \text { Bad Debts Expense } & 5,000 & \\\hline & \begin{array} { l } \text { Trade Accounts Receivable } \\\text { (To reduce the receivables to their net } \\\text { fealizable value of } \$ 580,000 \text {. Balances } \\\text { before adjustment: } \\\text { Accounts Receivable } = \$ 600,000 \\\text { Allowance for Doubtful Accounts } = 15,000 \\\text { credit) }\end{array} & &5,000 \\\hline\end{array}$$ Required: Prepare the correcting entries.