During its first year of operations, Winter Getaway, Inc. had sales of $ 432,000 , all on an account. Industry experience suggests that Winter 's uncollectibles will amount to 2 % of credit sales. At December 31, 2018 , accounts receivable total $ 53 comma 000. The company uses the allowance method to account for uncollectibles. 1. Make Winter 's journal entry for uncollectible-account expense using the percent-of-sales method. 2. Show how Winter should report accounts receivable on its balance sheet at December 31, 2018.

1. Make Winter's journal entry for uncollectible-account expense using the percent-of-sales method. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Dec 31 2. Show how w alance sheet at December 31, 2018. Accounts Payable Accounts Receivable Less: Allowance for Uncollectible Accounts1 Cash Revenue Uncollectible-Account Expense 1. Make Winter's journal entry for uncollectible-account expense using the percent-of-sales method. Journal Entry Date Accounts Debit Credit Dec 31 2. Show how Winter should report accounts receivable on its balance sheet at December 31, 2018. Less: Accounts receivable Accounts receivable, net Allowance for uncollectible accounts Collections Credit sales Uncollectible account expense Write-offs