Reconstructing transactions affecting accounts receivable and uncollectible ac- counts. The sales, all on account, of Pins Company in Year 10. its first year of oper- ations, were $700.000. Collections totaled $500,000. On December 31, Year 10, Pins Company estimated that 2 percent of all sales would probably be uncollectible. On that date, Pins Company wrote off specific accounts in the amount of $8,000. Pins Company's unadjusted trial balance (after all nonadjusting entries and after all write-offs of specific accounts receivable identified during Year 11 as being un- collectible) on December 31, Year 11. includes the following accounts and balances:

On December

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Accounts Receivable (Dr.) 300,000 Allowance for Uncollectible Accounts (Dr.) 10.000 Bad Debt Expense Sales (Cr.) 800,000