1. Record the adjusting entry for uncollectible accounts on Dec. 31, 2021.

2. Record the write off of accounts receivable in 2022.

3. Calculate the balance of allowance for uncollectible accounts at the end of 2022.

4. Assume actual write offs in 2022 were $12,960. Record write off of accounts receivable in 2022.

During 2021, its first year of operations, Sooner Co, provides services on account of $124,000. By the end of 2021, cash collections on these accounts total $92,000. Sooner estimates that 30% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $8,640