The following information is avallable for Fess Company: During 20X1, Fess estimated that Its credit loss expense should be 1% of all credit sales. As a result of a revlew and aging of accounts recelvable In early January 202, It has been determined that an allowance for credit losses of $1,600 is needed at December 31, 201. Required: 1. What is the total amount that Fess should record as credit loss expense for the year ended December 31, 20X1? 2 Show the journal entrles affecting the Allowance for credit losses that Fess made during 20x1. Complete this question by entering your answers in the tabs below. What is the total amount that Fess should record as credit loss expense for the year ended December 31,201 ? Show the journal entries affecting the Allowance for credit losses that Fess made during 20X1. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet 3 Record the entry for the 1% of credit loss expense. Note: Enter debits before credits. Journal entry worksheet Record the entry to write-off accounts deemed uncollectible. Note: Enter debits before credits. Show the journal entries affecting the Allowance for credit losses that Fess made during 20X1. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to adjust the allowance account to the appropriate year end balance. Note: Enter debits before credits