Cornerstone Exercise 5-26 (Algorithmie) Write-Off of Uncollectible Accounts The Rock has credit sales of $520,000 during 2019 and estimates at the end of 2019 that 2% of these credit sales will eventually default. Also, during 2019 a customer defaults on a $1,900 balance related to goods purchased in 2019 Required: 1. Prepare the journal entry to record the defaulted balance Record write-off of defaulted account 2. Prepare the adjusting entry to record the bad debt expense for 2019, Record adjusting entry for bad debt expense estimate Check My Work more Check My Work uses romang