Required information (The following information applies to the questions displayed below Suzuki Supply reports the following amounts at the end of 2021 (before adjustment). Credit Sales for 2021 Accounts Receivable, December 31, 2021 Allowance for Uncollectible Accounts, December 31, 2021 $344,000 39,000 1,100 (Credit) Required: 1. Record the adjusting entry for uncollectible accounts using the percentage of receivables method. Suzuki estimates 12% of receivables will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)