S9-5 Applying the allowance method to account for uncollectibles The Accounts Receivable balance and Allowance for Bad Debts for Signature Lamp Company at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, Signature Lamp Company completed the following transactions: a. Sales revenue on account, $273,400 (gnore Cost of Goods Sold). b. Collections on account, $223,000. c. Write-offs of uncollectibles, $5,900. d. Bad debts expense of $5,200 was recorded