Pincus Associates uses the allowance method to account for bad debts. During 2021 , its first year of operations, Pincus provided a total of $191,000 of services on account. In 2021 , the company wrote off uncollectible accounts of $7,700. By the end of 2021 , cash collections on accounts receivable totaled $161,700. Pincus estimates that 5% of the accounts receivable balance at 12/31/2021 will prove uncollectible. Required: 1. \& 2. What journal entry did Pincus record to write off uncollectible accounts during 2021 and to recognize bad debt expense for 2021 ? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 Record the write-offs of allowance for uncollectible accounts during 2021 . 2 Record to recognize bad debt expense for 2021