7 During 2021, its first year of operations, Pave Construction provides services on account of $150,000. By the end of 2021 cash collections on these accounts total $110.000. Pave estimates that 25% of the uncollected accounts will be uncollectible. In 2022. the company writes off uncollectible accounts of $10,000 Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) NO Grud Answer is complete and correct. Du Caner Journal December 31, 202, Debt Expense Allowance for Uncle Accounts Del 12500 1 12.500 2. Record the write off of accounts receivable in 2022. ( no entry is required for a particular transaction/event, select "Ne Journal Entry Required in the first account field.) Answer is complete and correct Heturn to 2-a. Record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete and correct. Na Debit Credit 1 Oste General Journal December 31, 202. Alowance for Uncollectible Accounts Accounts Rectable > 10,000 10,000 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022) Answer is not complete. Beginning Balance in 2022 5 2.500 Ending Balance in 2022 3 12500 Return to question 3-3. Assume the same facts as above but assume actual write-offs in 2022 were $15,000. Record the write-off of accounts receivable in 2022 (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Credit Answer is complete and correct. Date General Journal December 31, 202 Allowance for Uncollectible Accounts Accounts Receivable Debt 15,000 1 15,000 3-b. Assume the some facts as above but assume actual write-offs in 2022 were $15,000. Calculate the balance of Adlowanice for Uncollectible Accounts at the end of 2022 (before adjustment in 2022) Answer is not complete 5 Beginning Balance in 2022 2.500 12.500 Ending Balance in 2022