During Burns Company's first year of operations, credit sales totaled $$162,000$ and collections on credit sales totaled $$116,000.$ Burns estimates that bad debt losses will be $1\mathrm{.}0\%$ of credit sales. By year$-$end, Burns had written off $$410$ of specific accounts as uncollectible.

Required:

Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense.

Show the year$-$end balance sheet presentation for accounts receivable.