During Year 1, its first year of operations, a company provides services on account of $152,000. By the end of Year 1, cash collections on these accounts total $106,000. The company estimates that 30% of the uncollected accounts will be uncollectible. In Year 2, the company writes off uncollectible accounts of $12,420. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, Year 1. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transactlon list Journal entry worksheet 1 Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31 Racord entry Clear antry View general Journal 2-a, Record the write-off of accounts receivable in Year 2. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet