Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December $31,$ the company$$s fiscal year$-$end. The $2023$ balance sheet disclosed the following:

Current assets:

Receivables, net of allowance for uncollectible accounts of $$32,000$ $ $442,000$

During $2024,$ credit sales were $$1,760,000,$ cash collections from customers $$1,840,000,$ and $$37,000$ in accounts receivable were written off. In addition, $$3,200$ was collected from a customer whose account was written off in $2023.$ An aging of accounts receivable at December $31,2024,$ reveals the following:

Age Group Percentage of Year$-$End Receivables in Group Percent Uncollectible

$060$ days $65\%4\%$

$6190$ days $1010$

$91120$ days $2035$

Over $120$ days $550$

Required:

Prepare summary journal entries to account for the $2024$ write$-$offs and the collection of the receivable previously written off.

Prepare the year$-$end adjusting entry for bad debts according to each of the following situations:

Bad debt expense is estimated to be $3\%$ of credit sales for the year.

Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is estimated to be $10\%$ of the year$-$end balance in accounts receivable.

Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is determined by an aging of accounts receivable.

For situations $($a$)($c$)$ in requirement $2$ above, what would be the net amount of accounts receivable reported in the $2024$ balance sheet?