3 points 1 03:56:08 eflook Hint Print References Exercise 5-7B Establish an allowance for uncollectible accounts and write off accounts receivable (LO5- 3,5-4) During Year 1, its first year of operations, a company provides services on account of $122.000. By the end of Year 1, cash collections on these accounts total $91,000. The company estimates that 25% of the uncollected accounts will be uncollectible. In Year 2, the company writes off uncollectible accounts of $6,975. Required: 1. Record the adjusting entry for uncollectible accounts on December 31. Year 1. (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 adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date December 2 General Journal Debit Credit >