during 2012 ce electronics entered into the follow/

On its 2011 balance sheet, CE reported gross accounts receivable of $707,000 and an allowance account of $43,000.
Required
Prepare all journal entries to record each of the transactions that occurred in 2012 and the journal entry to record bad debt expense at the end of 2012, assuming that 7% of accounts receivable at the end of 2012 are uncollectible.