During the current year, Sun Electronics, Incorporated, recorded credit sales of $720,000. Based on prior experience, it estimates a 2 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 $360 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. \begin{tabular}{|c|c|c|c|} \hline Transaction & General Journal & Debit & Credit \\ \hline a. & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry View general journal Journal entry worksheet Record the entry for bad debt expense. Note: Enter debits before credits