During 2012, CE Electronics entered into the following transactions: On its 2011 balance sheet, CE reported gross accounts receivable of $707,000 and an allowance account of $43,000. Required: Prepare all journal entries to record each of the transactions that occurred in 2012 and the journal entry to record bad debt expenses at the end of 21012, assuming that 7% of accounts receivable at the end of 2012 are uncollectible