Exercise 5-7A Establish an allowance for uncollectible accounts and write off accounts receivable (LO5-3, 5-4) During 2021, its first year of operations, Pave Construction provides services on account of $146,000. By the end of 2021, cash collections on these accounts total $103,000. Pave estimates that 30% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $11,610. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, 2021. (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 1 Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Bad Debt Expense Allowance for Uncollectible Accounts Record entry Clear entry View general journal 2-a. Record the write-off of accounts receivable in 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 December 31, 2022 Allowance for Uncollectible Accounts Accounts Receivable Debit Credit 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). Beginning Balance in 2022 Less: Write-offs During 2022 Ending Balance in 2022 3-a. Assume the same facts as above but assume actual write-offs in 2022 were $17,415. Record the write-off of accounts receivable in 2022. (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 1 Record the write-off of accounts receivable in 2022. Note: Enter debits before credits. Date December 31, 2022 General Journal Debit Credit Allowance for Uncollectible Accounts Accounts Receivable Record entry Clear entry View general journal > 3-b. Assume the same facts as above but assume actual write-offs in 2022 were $17,415. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). Beginning Balance in 2022 Less: Write-offs During 2022 Ending Balance in 2022