Brief Exercise 5-24 (Algo) Determine financial statement effects of writing off uncollectible accounts (LO5-4) At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $19,000. By the end of the year, actual bad debts totol $21,000. Determine the financial statement effects of writing off an uncollectible account. (Amounts to be deducted should be entered with minus sign.)