At end of 2011, Tatum Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $28,000. On 24th January, 2012, it is learned that the company's receivable from Novinger Inc. is not collectible and thus management authorizes a write-off of $2,000. On 4th March, 2012, Tatum Co. receives payment of $2,000 in full from Novinger Inc.
Create the journal entries to record the payment.