A summary of Klugman Company's December 31, 2021, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:

Age Group

Amount

%

060 days

$

59,000

0.5

6190 days

21,500

1.0

91120 days

2,900

10.0

Over 120 days

1,200

50.0

The allowance for uncollectible accounts had a balance of $1,390 on January 1, 2021. During the year, bad debts of $740 were written off.

Required:

Prepare all journal entries for 2021 with respect to bad debts and the allowance for uncollectible accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet Record the entry to write-off specific accounts. Note: Enter debits before credits Debit Credit Transaction General Journal Allowance for uncollectible accounts Accounts receivable Record entry Clear entry View general journal