Prepare journal entries for each transaction:

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

$1.$ On September $29,$ an account receivable for $$2,500$ was determined to be worthless and written off.

$2.$ The company estimates $3\%$ of credit sales are uncollectible. At year$-$end $($December $31),$ it recorded the appropriate bad debt expense adjustment. Credit sales for the year were $$830,000.$ On December $30,$ there were $$600$ of accounts receivable not yet collected and the balance in the allowance for doubtful accounts was $$14.$