How do I record the above transaction in the form of a journal entry? Could you type and/or mention the explanation of what had happened at the very bottom of the journal entry, please? I would like to ask you another question. Could you show me a detailed step by step explanations how solve the above mathematically, please?

The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, -$300,000; allowance for uncollectible accounts at the beginning of the year, $25,000 (credit balance); -credit-sales during the year. $1,500,000;- accounts receivable written off during the year $16,000;-cash-collections from customers, $1,450,000. Assuming the company estimates bad-debts at an amount equal to-2% of credit-sales, calculate (1) bad-debt-expense for the year and (2) the year-end balance in the allowance for uncollectible accounts