Accounting for Receivables Whipple Corporation reported accounts receivable and an allowance for uncollectible accounts of $179,000 and $7,500, respectively, at January 1. The following transactions and adjustments to account balances were recorded during the year:

1. Cash sales and credit sales were $235,000 and

$820,000, respectively, for the year.

2. Bad debt expense was recorded at 4 percent of credit sales.

3. Payments of $762,000 on accounts receivable were received.

4. A total of $29,600 of accounts receivable was written off as uncollectible during the year.

5. Corporate management reviewed the accounts receivable balances at the end of the year and decided the balance in the allowance for uncollectible accounts at year-end should be $14,200.

a. Prepare the journal entries recorded by Whipple Corporation for each of the above items.

b. What is the net amount of accounts receivable reported at year-end by Whipple Corporation?