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b. During 2024, credit sales were $1,225,000; sales discounts taken were $23,000; accounts receivable collected were $1,042,700; and accounts written off during the year totalled

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b. During 2024, credit sales were $1,225,000; sales discounts taken were $23,000; accounts receivable collected were $1,042,700; and accounts written off during the year totalled $24,000. Prepare the adjusting entry required on December 31,2024, to estimate uncollectible receivables assuming it is based on the following agina analvsis

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