Arbour Inc. had the following balances on its balance sheet at the beginning of year $4.$ The balances in the two accounts are "normal" $($so Accounts receivable is a positive asset and the allowance is a negative asset$).$ Note that net realizable value is NOT an account balance. It is Accounts receivable net of the allowance balance.

Accounts Receivable................................$\mathrm{.}80000$

Allowance for uncollectible accounts.......$\mathrm{.}7000$

Net realizable value..................................$\mathrm{.}73000$

During the year, Arbour recorded the following:

$--$Sales on account of$.....................$ $$820000$

$--$Collections on account of$............$ $$820500$

$--$Write$-$offs of delinquent accounts.... $$19500$

At the end of Year$4,$ Arbour Company recorded an adjusting entry that recognized $$16400$ of bad debt expense.

Enter all normal balances as positive numbers $($just a number, no $+$ sign.$)$

$1.$ What would be the balance in Accounts Receivable after all of the entries above?

$2.$ What would be the balance in the Allowance for Uncollectible Accounts after all of the entries above?

Note that we are only focused on certain accounts here so we do not have a full balanced equation for the beginning or ending amounts. However, each of the $4$ MAJOR TRANSACTIONS that are the focus of this section are balance below.

Assets Liabilities Equity

Cash

Accts. Rec

Allowance

RE

descrip.

Bal end of yr$3$

$80000$

$-7000$

Sales on credit

$820000$

$820000$

sales revenue

Collections

$820500$

$-820500$

Write$-$offs

$-19500$

$19500$

Adjusting entry

$-16400$

$-16400$

bad debt expense

Bal. End of yr$4$

$60000$

$-3900$