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At the end of the year, a company has the following accounts receivable and estimates...

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Accounting

At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts:
Accounts not yet due = $72,000; estimated uncollectible =7%.
Accounts 1 to 30 days past due = $32,000; estimated uncollectible =20%.
Accounts more than 30 days past due = $8,000; estimated uncollectible =50%.
Required:
Record the year-end adjusting entry for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $1,400(debit).(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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