During the current year, Adams Assembly, Inc., recorded credit sales of $750,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales.

Required:

Prepare journal entries for each transaction: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. On September 29 of the current year, an account receivable for $2,100 from March of the current year was determined to be uncollectible and was written off.

b. The appropriate bad debt expense adjustment was recorded for the current year.

Journal Entry Worksheet:

1. Record the entry to write-off the uncollectible account.

2. Record the entry for bad debt expense.