P9-26A On February 28, Tradewinds Sailing Supplies had a $75,000 debit ance in Accounts Receivable and a $2,200 credit balance in for Uncollectible Accounts. During March, Tradewinds made . Sales on account, $410,000 Collections on account, $419,000 Write-offs of uncollectible receivables, $7,000 Requirements 1. Record sales and collections on account. Then record uncollectible account expense and write-offs of customer 2% of credit sales. Show all March activity in Accounts Receivable, Expense (post to these T-accounts). (pp. 460, 461-462, 464) ectible receivables. Record sales and collections on account. Then t expense was estimated at 2. Suppose Tradewinds used a different method to account for uncol- expense for March using the direct off method. Post to Accounts Receivable and Uncollectible-Accoun Expense and show their balances at March 31. (pp. 465-466) 3. What amount of report on its March income statement under each of the two meth- ods? Which amount better matches expense with revenue? Give you reason. (pp. 461-462, 465-466) 4. Wbat amount of net accounts receivable would Tradewinds report on its March 31 balance sheet under each of the two methods? Which amount is more realistic? Give your reason. (pp. 465-466, 469)