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During 2024, its first year of operations, a company provides services on account...

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Accounting

During 2024, its first year of operations, a company provides services on account of $251,000. By the end of 2024, cash collections on these accounts total $139,000. The company estimates that 11% of accounts receivable will be uncollectible.
Required:
Record the adjusting entry for uncollectible accounts on December 31,2024.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Journal entry worksheet
1
Record the adjustment for uncollectible accounts on December 31,2024.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[December 31],[,,,],[,,,],[,,,],[,,,],[,,,]]
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