accounting problem 6

Check my work O Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. At 12/31/2021, gross accounts receivable totaled $500,000, and prior to recording the adjusting entry to recognize bad debts expense for 2021, the allowance for uncollectible accounts had a debit balance of 55,000. 1 points Required: 1. What journal entry should Johnson record to recognize bad debt expense for 2021? eBook Print Required 1 References What journal entry should Johnson record to recognize bad debt expense for 2021? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet X No Year General Journal Debit Credit 1 2021 Bad debt expense 34,970 Allowance for uncollectible accounts 34,970