On January $1,20$X$2$ the accounts receivable and the allowance for doubtful accounts carried balances of $$30,000$ and $$500,$ respectively. During the year the company reported $$70,000$ of credit sales. There were $$550$ of receivables written$-$off as uncollectible in $20$X$2.$ Cash collections of receivables amounted to $$74,550.$ The company estimates that $5\%$ of their accounts receivable will be uncollectible. $24.$The amount of uncollectible accounts expense recognized in the $20$X$2$ income statement will be:a$.$$$1,195.$ b$.$ $$1,245.$ c$.$ $$1,295.$ d$.$ $$795.25.$The entry to recognize the write$-$off of the uncollectible accounts will act to:a$.$ increase total assets and total equity. b$.$ decrease total assets and total equity.c$.$ increase total assets and decrease total equity. d$.$ Not affect total assets or total equity. $26.$The entry required to recognize the uncollectible accounts expense for $20$X$2$ will act to:a$.$ increase total assets and equity.b$.$ decrease total assets and increase equity.c$.$ decrease total assets and equity. d$.$ increase total assets and decrease equity. $27.$The net realizable value of receivables appearing on the $20$X$2$ balance sheet will amount to:a$.$ $$24,900.$ b$.$ $$23,655.$ c$.$ $$24,350.$ d$.$ $$23,155.$