Please write the journal entry for the question

During its first year of operations, Environmental Products Inc. Inc. had sales of $825,000, all on account. Industry experience suggests that Environmental Products Inc.'s bad debt expense will be $31,800. Environmental Products Inc. ended the year 2019 with accounts receivable of $70,000 and an allowance for uncollectible accounts of $17,500. During 2020, Environmental Products Inc. completed the following transactions: 1. Credit sales, $1,060,000 2. Collections on account, $895,000 3. Write-offs of uncollectibles, $14,000 4. Bad debt expense, $31,800 Lastly, estimate the uncollectible amount for 2020 sales revenue on account. Journal Entry Accounts Debit Credit