Pincus Associates uses the allowance method to account for bad debts. $2024$ was the first year of operations for Pincus, so it had a $$0$ opening balance in its allowance for uncollectible accountsDuring $2024,$ Pincus provided a total of $$212\mathrm{.}000$ of services on account. In $2024,$ the company wrote off uncollectible accounts of $\backslash$$$8\mathrm{.}500.$ By the end of $2024$cash collections on accounts receivable totaled $$178,500$Pincus estimates that $5\%$ of the accounts receivable balance at $12/31/2024$ will prove uncollectible $.$