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:

a$.$ Bad debt expense is estimated to be $2\%$ of credit sales for the year.

b$.$ 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.

c$.$ 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?