At September 30, 2011, Eagle Mountain Flagpoles had Accounts receivable of \($33,000\) and Allowance for uncollectible accounts had a credit balance of \($4,000\). During October 2011, Eagle Mountain Flagpoles recorded the following:
• Sales of \($186,000\) (\($161,000\) on account; \($25,000\) for cash)
• Collections on account, $127,000
• Uncollectible-account expense, estimated as 2% of credit sales
• Write-offs of uncollectible receivables, $2,200

Requirements
1. Journalize sales, collections, uncollectible-account expense using the allowance method (percent-of-sales method), and write-offs of uncollectibles during October 2011.
2. Prepare T-accounts to show the ending balances in Accounts receivable and Allowance for uncollectible accounts. Compute net accounts receivable at October 31. How much does Eagle Mountain expect to collect?
3. Show how Eagle Mountain Flagpoles will report Accounts receivable on its October 31, 2011, balance sheet.