At the end of the year, a company has the following accounts receivable and estimates of uncollectib

 
   

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At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due $72,000; estimated uncollectible = 6% 2. Accounts 1-30 days past due $31,000; estimated uncollectible 20% 3. Accounts more than 30 days past due = $5,000; estimated uncollectible 55% Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,200 (debit). (If no entry is required for a particular transaction/event, select “No Journal Entry Required” in the first account field.) View transaction list Journal entry worksheet 1 Record the bad debt expense. Note: Enter debits before credits. General Journal Credit Event Debit 1