Placto Corporation started the year with a $7,200 balance in accounts receivable and a $350 balance in the allowance for doubtful accounts. The company had credit sales (sales on account) of $15,000, collections on accounts receivable of $13,000, and wrote off uncollectible accounts of $275 during the year. The company uses the allowance method and believes that 2 percent of its credit sales will be uncollectible.

4. The balance in the accounts receivable account at the end of the year would be:

5. The amount of uncollectible accounts expense appearing on the years income statement would be:

6. The net realizable value of receivables at the end of the year would be: