Hel Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided a total of $121,000 of services on account. In 2021, the company wrote off uncollectible accounts of $4,900. By the end of 2021, cash collections on accounts recevable totaled $102,900. Pincus estimates that 20% of the accounts receivable balance at 12/31/2021 will prove uncollectible. Required: 1. & 2. What journal entry did Pincus record to write off uncollectible accounts during 2021 and to recognize bad debt expense for 2021? (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet 1 2 Record the write-offs of allowance for uncollectible accounts during 2021. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general Journal Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provide total of $121,000 of services on account. In 2021, the company wrote off uncollectible accounts of $4.900. By the end of 2021 collections on accounts recevable totaled $102,900. Pincus estimates that 20% of the accounts receivable balance at 12/31202 prove uncollectible Required: 1. & 2. What journal entry did Pincus record to write off uncollectible accounts during 2021 and to recognize bad debt expense for 2021? (f no entry is required for a transaction/event, select "No joumal entry required in the first account field.) View transaction list Journal entry worksheet 80 000 OG 14 145 # 3 % 5 4 & 7 6 6 8 9 0 W 7 E R. T U