During the current year, Witz Electric, Inc., recorded credit sales of $850,000. Based on prior experience, it estimates a 2 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 $2,400 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. View transaction list Journal entry worksheet 1 2 Record the entry to write-off the uncollectible account. Note: Enter debits before credits Transaction General Journal Dobit Credit a enant Vlew general Journal $2,400 from March of the current year was determined to E uncollectible and was written off. . The appropriate bad debt expense adjustment was recorded for the current year. View transaction list Journal entry worksheet 1 2 Record the entry for bad debt expense. Note: Enter debits before credits Transaction General Journal Debit Credit b View general Journal Record entry Clear entry