During Burns Company's first year of operations, credit sales totaled $158,000 and collections on credit sales totaled $114,000. Burns estimates that bad debt losses will be 1.5% of credit sales. By year-end, Burns had written off $390 of specific accounts as uncollectible. Required: 1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable. Journal entry worksheet Record the entry to write-off specific accounts. Note: Enter debits before credits. Journal entry worksheet Record the bad debt expense. Show the year-end balance sheet presentation for accounts receivable