Mountain Company Began Business on January $1,2024.$

Record the three journal entries to account for the uncollectible Accounts Receivable.

$12-31-24$:Mountain Company has a balance in accounts receivable of $$300,000.$ It is estimated that $10\%$ of these accounts receivable will be uncollectible.

$3-15-25$: The Sparrow Company Accounts Receivable for $$28,000$ was written off. The accounts receivable was outstanding on $12-31-24.$

$12-31-25$: Mountain Company has a balance in accounts receivable of $$450,000.$ It is estimated that $10\%$ of these accounts receivable will be uncollectible.