The September 30, 2019, records of West Point Communications include these accounts:

Accounts Receivable.................................... $249,000
Allowance for Doubtful Accounts ............... (8,000

During the year, West Point Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the following aging schedule:

During the last quarter of 2019, the company completed the following selected transactions:

Requirements

1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required.

2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from requirement 1 to that account.

3. Show how West Point Communications will report its accounts receivable in a comparative balance sheet for 2018 and 2019. (Use the three-line reporting format.) At December 31, 2018, the company’s Accounts Receivable balance was $212,000 and the Allowance for Uncollectible Accounts stood at $4,800.

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Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61–90 Days Over 90 Days $235,000 Estimated percent uncollectible $132,000 $52,000 2% $15,000 15% $36,000 35% 0.5% Nov 30 Wrote off as uncollectible the $1,200 account receivable from Looper Carpets and the $800 account receivable from Williams Antiques. Dec 31 Adjusted the Allowance for Uncollectible Accounts and recorded uncollectible-account expense at year-end, based on the aging of receivables.