Reconstructing transactions affecting accounts receivable and uncollectible accounts. The sales, all on account, of Pins Company in Year 10, its first year of operations, 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 uncollectible) on December 31, Year 11, includes the following accounts and balances:

On December 31, Year 11, Pins Company carried out an aging of its accounts receivable balances and estimated that the Year 11 ending balance of accounts receivable contained \(\$ 11,000\) of probable uncollectibles. That is, the allowance account should have an \(\$ 11,000\) ending credit balance. It made adjusting entries appropriate for this estimate. Some of the \(\$ 800,000\) sales during Year 11 were for cash and some were on account; we purposefully do not give the amounts.

a. What was the balance in the Accounts Receivable (gross) account at the end of Year 10? Give the amount and whether it was a debit or a credit.

b. What was the balance in the Allowance for Uncollectible Accounts account at the end of Year 10? Give the amount and whether it was a debit or a credit.

c. What was bad debt expense for Year 11 ?

d. What was the amount of specific accounts receivable written off as being uncollectible during Year 11 ?

e. What were total cash collections in Year 11 from customers (for cash sales and collections from customers who had purchased on account in either Year 10 or Year 11)?

f. What was the net balance of accounts receivable included in the balance sheet asset total for December 31, Year 11?

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Accounts Receivable (Dr.) 300,000 Allowance for Uncollectible Accounts (Dr.) 10,000 Bad Debt Expense Sales (Cr.)... 800,000