Current Attempt in Progres$($a$)$

Prepare the journal entry to record the write$-$off. $($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Account Titles and Explanation

Credit Current Attempt in Progress

During its first year of operations, Sheridan Company had credit sales of $\backslash (\backslash$$ $3,680,000\backslash ),$ of which $\backslash (\backslash$$ $409,600\backslash )$ remained uncollected at year$-$end. The credit manager estimates that $\backslash (\backslash$$ $19,400\backslash )$ of these receivables will become uncollectible.

$($a$)$

Prepare the journal entry to record the estimated uncollectibles. $($Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.$)($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$ During its first year of operations, Sheridan Company had credit sales of $\backslash$$$3,680,000,$ of which $\backslash$$$409,600$ remained uncollected at year$-$end. The credit manager estimates that $\backslash (\backslash$$ $19,400\backslash )$ of these receivables will become uncollectible.