$25,920. At December 31,2019 , Precious Gems Collection's accounts receivable total $65,000. The company uses the allowance method to account for uncollectibles. Requirements Make Precious Gems Collection's journal entry for bad debt expense. Show how Precious Gems Collection could report accounts receivable on its balance sheet at December 31,2019 , by disclosing the allowance for uncollectible accounts. Make Precious Gems Collection's journal entry for bad debt expense. (Record debits first, then credits. Explanations are not required.) minus sign to indicate numbers to be subtracted.) Balance Sheet Accounts receivable $80,000 Less: Allowance for uncollectible accounts (25,920)