Your company prepares financial statements only once a year. In accounting for uncollectible accounts it uses the allowance method.
For the most recent year give general journal entries for the following.
	Beginning of the year balances:(No journal entries needed for beg. Balances)
		Accounts Receivable					256,200
		Allowance for uncollectible accounts					6,250
		Uncollectible Accounts Expense					-
1		Sales for the year were 1,585,000. 70% of sales are credit sales
2		Collection on credit sales for the year were 1,070,000
3		Wrote off 10500 of specific customer accounts
4a		At year end estimate uncollectible accts to be 1.75% of credit sales
4b		Instead of 4a, the company ages it receivables and estimated 7500 as uncollectible