The following information relates to a companys accounts receivable: accounts receivable balance at the beginning of the year, $80,000; allowance for uncollectible accounts at the beginning of the year, $4,000 (credit balance); credit sales during the year, $100,000; accounts receivable written off during the year, $5,000 (Note: Entry has not yet been booked); cash collections from customers can be found in your T-Accts. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable.

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