The following information is taken from the 2013 annual report to shareholders of Hewlett-Packard (HP) Co. For Fiscal 2013 For Flscal 2012 Provision for doubtful accounts $30 milllon$107 million At Fiscal Year-end 2012 At Flscal Year-end 2013 Accounts recelvable, net Accounts receivable, gross 5,911 mllion 16,278 million 16,442 million 16,941 million 10.00 points During Burns Company's first year of operations, credit sales totaled $154,000 and collections on credt sales totaled $112,000. Burns estimates that bad debt losses will be 20% of credit sales. By year-end, Burns had written off $370 of specific accounts as uncollectible. Required .Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)