JAC Company sells sports equipment on credit. It provides for uncollectible accounts using a percentage of 6% of Accounts Receivable on December 31, 20X2 to determine the desired balance under the allowance method. On January 1, 20X2, the following selected account balances existed:

	DR.	CR.
Accounts Receivable	$40,000
Allowance for Uncollectible Accounts		2,400

During 20X2, the following summary transactions occurred:

a. Sales on account were $450,000.

b. Accounts of Wingert Company, written off on September 1, 20X2, as uncollectible, totaled $6,000.

c. Collections of customers on account were $350,000.