Estimating Uncollectible Accounts and Reporting Accounts Receivable: Collins Company analyzes its accounts receivable at December $31$ and arrives at the age categories below along with the percentages that are estimated as uncollectible. The balance of the allowance for uncollectible accounts is $$1,100$ on December $31,$ before any adjustments.

$\backslash$table$[[$Age Group,Accounts Receivable,Estimated Loss $\%],[0-30$ Days Past Due,$$110,000,1\%$