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 $126,000. By the end of 2021, cash collections on these accounts total $93,000 Pove estimates that 20% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $5,940. 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 General Journal Debit Credit Date December 31, 2021 ..PDF 2-a. Record the write-off of accounts recelvable 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 Record the write-off of accounts receivable in 2022. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2022 2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022 (before adjustment in 2022). 8 Beginning Balance in 2022 Ending Balance in 2022 Hint