During its first year of operations, Macks Plumbing Supply Co. had sales of $310,000, wrote off $5,000 of accounts as uncollectible using the The method of accounting for uncollectible accounts that recognizes the expense only when accounts are judged to be worthless.direct write-off method, and reported net income of $34,100. Determine what the net income would have been if the The method of accounting for uncollectible accounts that provides an expense for uncollectible receivables in advance of their write-off.allowance method had been used, and the company estimated that 1 3/4% of sales would be uncollectible.