A company uses the allowance method to account for bad debts. The current year was the first year of operations for the company, so is had a 50 opening balance in its allowance for uncollectible accounts. During the current year, the company provided a total of $256.000 of services on account. During the current year, the company wrote off uncollectible accounts of $10,300,8y the end of the current year, cash collections on accounts receivable totaied $216.300. The company estimates that 20% of the accounts recelvable balance at 1231 of the current year will prove uncollectible Required: 1. What journal entry did the company record to-wite off uncollectible accounts during the current year? 2. What journal entry should the company record to recognize bad debt expense for the current year? Note: If no entry is required for a tronsaction/event, select "No joumal entry required" in the first occount field. Journal entry worksheet Mecord the writin ofts of allowance for uncollectable accourita duing the current year. Moent Enter Sebet betore trefe: Record the entry to recognize bad debt expense for the current year. Notes. Enter debits belore credite