Suzuki Supply reports the following amounts at the end of 2021 (before adjustment).

Credit Sales for 2021$242,000 Accounts Receivable, December 31, 2021 37,000 Allowance for Uncollectible Accounts, December 31, 2021 1,000

2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estimates 2% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

• Record the adjusting entry for Uncollectible Accounts.

Note: Enter debits before credits.

DateGeneral JournalDebitCreditDecember 31, 2021