During 2021, its first year of operations, a company ends the year with accounts receivable of $100,000. The company estimates that 20% of accounts receivable will be uncollectible.

Record the adjustment for uncollectible accounts on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet

Record the adjustment for unrecoverable accounts receivable on December 31,2021.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
Dec 31