Sav Help During Burns Company's first year of operations, credit sales totaled $148,000 and collections estimates that bad debt losses will be 2.0 % of credit sales. By year-end, Burns had written off $340 of specific accounts as uncollectible. on credit sales totaled $109.000. Burns Required: 1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. (If no entry is required for a transaction/everit, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > 2 Record the entry to write-off specific accounts. Note: Enter debits before credits. Credit General Journal Debit Transaction During Burns Company's first year of operations, credit sales totaled $148,000 and collections on credit sales totaled $109,000. Burns estimates that bad debt losses will be 2.0 % of cred it sales. By year-end, Burns had written off $340 of specific accounts as uncollectible. Required: 1. Prepare all appropriate journal entries relative to uncollecti ble accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Show the year-end balance sheet presentation for accounts receivable. Partial Balance Sheet Required 1 Required 2