Accounts Receivable Homework 1. Carter Company Began Business on January 1, 2024. Record the three entries to account for the uncollectible Accounts Receivable. 12-31-24: Charter Company has credit sales of $500,000. It is estimated that 5% of these credit sales will be uncollectible. 4-15-25: The River Company Accounts Receivable for $35,000 was written off. The River Company accounts receivable was outstanding on 12-31-24. 12-31-25 Charter Company has credit sales of $900,000. It is estimated that 5% of these credit sales will be uncollectible.