Check 8 Part 2013 1 Required information The following information applies to the questions displayed below) At the beginning of Year 1, a company has a balance of $25,900 in accounts receivable, Because the company is a privately owned company, the company has used only the direct write-off method to account for uncollectible accounts However, at the end of year 1, the company wishes to obtain a loan at the local bank, which requires the preparation of proper financial statements. This means that the company now will need to use the allowance method. The following transactions occur during Year 1 and Year 2 1. During Your Install air conditioning systems on account, $189.000 2. During Year 1. collect $184,000 from customers on account. a. At the end of Your 1, estimate that uncollectible accounts total 20% of ending accounts receivable. 4. In Year 2, customers accounts totaling $7.900 are written off as uncollectible OR WA P 2. Record coch transaction using the direct write-off method.it no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transactions Journal entry worksheet Required information Pet 2013 View transaction lit 1 Journal entry worksheet At the end of Year 1, estimate that uncollectible accounts total 20% of ending accounts receivable 00 HER Nom corte Transaction General Journal Credit Henry Cleantry View general 8 Required information Part 20 View transaction at Journal entry worksheet 1 2 3 In Year 2, customers' accounts totaling $7,900 are written off as uncollectible 00 Ton General Journal Debit Credit Hans Record Clearning View generala