At September 30, Eagle Mountain Flagpoles had Accounts Receivable of \(\$ 28,000\) and Allowance for Uncollectible Accounts of \(\$ 1,000\). During October, Eagle Mountain recorded

- Sales of \(\$ 180,000\) ( \(\$ 160,000\) on account; \(\$ 20,000\) for cash)

- Collections on account, \(\$ 130,000\)

- Uncollectible-account expense, estimated as \(2 \%\) of credit sales

- Write-offs of uncollectible receivables, \(\$ 2,400\)

Requirements 

1. Journalize sales, collections, uncollectible-account expense by the allowance method (percent-of-sales method), and write-offs of uncollecribles during October.

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?