During the current year, Witz Electric, Incorporated, recorded credit sales of $$1,300,000.$ 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 requlred" In the flrst account fleld.

On September $29$ of the current year, an account recelvable for $$4,000$ from March of the current year was determined to be uncollectible and was written off.

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