During Beethoven Company's first year of operations, credit sales totaled $614,000 and collections on credit sales totaled $557,000. Beethoven estimates that bad debt losses will be 1.5% of credit sales. By year-end, Beethoven had written off $8,500 of specific accounts as uncollectible.

Required:		8 points
1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense.
2. What is the ending balance in the allowance for uncollectible accounts?