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During Burns Company's fist year of operations, credit sales totaled $162000 and collections on credit sales totaled $116,000. Burns estimates that bad debt losses will be 10% of credin sales. By year-end, Burns had witten off $410 of specific accounts as uncollectible Required: 1. Prepare all approptiate journal entries relative to uncollectible accounts and bad debr expense 2. Show the year-end balance sheet presentation for accounts recelvable. Complete this question by entering your answers in the tabs below. Prepare all aphropriate journal entries relative to unoollactaite accounts and bat debt expense Journal entry worksheet 2. Racord the entry to werte of apeofic accounts. During Burns Company's first year of operations, credit sales tolaled $162,000 and collections on credit sajes fotaled $116,000. Bums ertimates that bad debt losses will be 1.0% of credit sales By year end. Blurns had whiten off $410 of specific accounts as uncoliectible. Required: 1. Prepare all appropriate journat entries relatwe to uncollectible occounts and bed debt expenise. 2. Show the year-end balance sheet presentation for accounts recelvable. Complete this question by entering your answers in the tabs below. Show the yhar end balanon sheit presentation for iccounte recelyable