Gilmore Electronics had the following data for a recent year:

Cash sales

$$135,000$

Credit sales

$512,000$

Accounts receivable determined to be uncollectible

The firm's estimated rate for bad debts is $2\mathrm{.}75\%$ of credit sales.

Required:

Prepare the journal entry to write off the uncollectible accounts. If an amount box does not require an entry, leave it blank.

$($Record write$-$off of defaulted account$)$

Prepare the journal entry to record the estimate of bad debt expense. If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest dollar.

$($Record adjusting entry for bad debt expense estimate$)$

$"0".$

$

credit sales were not offered?

$