During the current year, Sun Electronics, Incorporated, recorded credit sales of $700,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. Required: Prepare journal entries for each transaction: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field, 1. On November 13 of the current year, an account receivable for $330 from a prior year was determined to be uncollectible and was written off. 2. At year-end, the appropriate bad debt expense adjustment was recorded for the current year. Journal entry worksheet Record the entry to write-off the uncollectible account. Note: Enter debits before credits