Pincus Associates uses the allowance method to account for bad debts. During 2021 , its first year of operations, Pincus provided a total of $236,000 of services on account. In 2021, the company wrote off uncollectible accounts of $9,500. By the end of 2021 , cash collections on accounts receivable totaled $199,500. Pincus estimates that 5% of the accounts receivable balance at 12/31/2021 will prove uncollectible. Requlred: 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 requlred for a transection/event, select "No journal entry requlred" In the flrst account fleld.) Journal entry worksheet 2 Record the write-offs of allowance for uncollectible accounts during 2021. Note: Enter debits before credits. Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided a total of $236,000 of services on account. In 2021, the company wrote off uncollectible accounts of $9,500. By the end of 2021 , cash collections on accounts receivable totaled $199,500. Pincus estimates that 5% of the accounts receivable balance at 12/31/2021 will prove uncollectible. Requlred: 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 requlred for a transaction/event, select "No journal entry requlred" In the flrst account fleld.) Journal entry worksheet Note: Enter debits before credits