Percent of sales allowance method (Learning Objective 4) 10-15 min. Beckett Appliance Repair Inc. ended December 2023 with Accounts Receivable of $2,400 and a debit balance of $175 in Allowance for Uncollectible Accounts. During January 2024, Beckett Appliance Repair Inc. completed the following transactions: a. Sales of $52,000, which included $38,000 in credit sales and $14,000 of cash sales. Ignore cost of goods sold. b. Cash collections on account, $36,000. c. Write-offs of uncollectible receivables, $340. d. Bad debt expense, estimated as 4 percent of credit sales. Requirements 1. Prepare journal entries to record sales (ignore cost of goods sold), collections, write-offs of uncollectibles, and bad debt expense using the percent of sales method. 2. Calculate the ending balances in Accounts Receivable, Allowance for Uncollectible Accounts, and net Accounts Receivable at January 31, 2024. How much does Beckett Appliance Repair Inc. expect to collect