At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts

At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due = $71,000; estimated uncollectible = 8%. 2. Accounts 1-30 days past due = $39,000; estimated uncollectible = 30%. 3. Accounts more than 30 days past due = $7,000; estimated uncollectible = 40% Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,700 (debit). (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