Write-Off of Uncollectible Accounts Abel Enterprises hod 30 customers utilizing its financial planning services in 2023. Each customer paid Abel $25,000 for receiving Abels assistance. Abel estimates that 4,5% of its $750,000 credit sales in 2023 will be uncollectible. During 2024, Abel wrote off $3,300 related to services performed in 2023 Required: 1. Prepare the fournal entry to record the defaulted balance from the prior year. If an amount box does not require an entry leave a blank (Record write-off of defaulted account) 2. Prepare the adjusting entry to record the bad debt expense for the current year. If an amount box does not require an entry leave it blank 88 (Record adjusting entry for bad debt expertise estimate)