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.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31],[,,,],[,,,],[,,,],[,,,],[,,,]]$

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