E9-15 of Horngren and Harrison, 2007, 7th.ed. Accounting. At September 30, Eagle Mountain Flagpoles had accounts receivable of $28,000 and allowance for uncollectible accounts of $1000, during October, Eagle Mountain recorded: Sales of $180,000 ($160,000 on account; $20,000 for cash) Collections on account $130,000 Uncollectible-Account Expense, estimated as 2% of credit sales Write-offs of uncollectible receivables $2,400 Journalize sales, collections, uncollectible-account expense by the allowance method (percent-of-sales method), and write-offs of uncollectibles during October. My question then is: Are my journal entries correct? Date: Item: Debit: Credit: Oct. Accounts Receivable $160,000 Service Revenue $160,000 Sold goods on account. Oct. Cash 20,000 Service Revenue 20,000 Collected cash payment for sales. Oct. Cash 130,000 Accounts Receivable 130,000 Collected cash on account. Oct. 31 Uncollectible-Account Expense ( Allowance for Uncollectible Accounts Recorded expense for the month Which account do I use to calculate the uncollectible account expense