Dialex Supply completed the following selected transactions during 2012:

Jan 17 Sold inventory to Van Vasque, $1,200, on account. Ignore cost of goods sold.

Jun 29 Wrote off the Van Vasque account as uncollectible after repeated efforts to collect from him.

Aug 6 Received $50 from Van Vasque, along with a letter stating his intention to pay within 30 days. Reinstated his account in full.

Sep 4 Received the balance due from Van Vasque.

Dec 31 Made a compound entry to write off the following accounts as uncollectible: Brent Christian, $150; May Milford, $800; and Susan Smith, $300.

Dec 31 Based on an aging of accounts receivable, estimated uncollectible accounts as $1,100.

Requirements

1. Open T-accounts for Allowance for Uncollectible Accounts and Bad Debt Expense. These accounts have beginning balances of $1,300 (cr.) and 0, respectively.

2. Record the transactions in the journal and post to the two T-accounts; remember to update the account balances but ignore posting references.

3. The December 31 balance of Accounts Receivable is $147,000. Show how Accounts Receivable would be reported on the balance sheet at that date.