The Branson Company uses the receivable. During th sal e percent of sales method of accounting for uncollectible e current year, the following transactions occurred: Mar. Brans 7 on Company determined that the $2,000 account receivable of the Bing 7Company was uncollectible, and wrote it off. Bing Company paid $1,500 of the amount owed to the Branson Company. Branson Bing Company. on Company does not expect further collections from the Dec. Branson Company estimates that 1.5% of its $900,000 of credit 31 sales will be uncollectible. Prepare the general journal entries to record these transactions