During 2021, its first year of operations, pave construction provides services on account of $160,000. by the end of 2021, cash collections on these accounts total $110,000. pave estimates that 25% of the uncollected accounts will be uncollectible. in 2022, the company writes off uncollectible accounts of $10,000. required:
1. record the adjusting entry for uncollectible accounts on december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)
2-a. record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)