E6-10 (Algo) Recording Bad Debt Expense Estimates and Write-Offs Using the Percentage of Credit Sales Method LO6-2 During the current year, Sun Electronics, Incorporated, recorded credit sales of $750,000. Based on prior experience, it estimates a 1 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 November 13 of the current year, an account receivable for $350 from a prior year was determined to be uncollectible and was written oft b. At year-end, the appropriate bad debt expense adjustment was recorded for the current year, View transaction list Journal entry worksheet 2 Record the entry to write-off the uncollectible account