During Year 1. Its first year of operations, a company provides services on account of $154,000, By the end of Year 1, cash collections on these accounts total $107.000. The company estimates that 25% of the uncollected accounts will be uncollectible. In Year 2, the company writes off uncollectible accounts of $10,575. 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 transaction list Journal entry worksheet