Creevy Corp. had $2,100,000 of net credit sales last year. Accounts receivable balance at year end was $480,000. Pre-adjusted Allowance for bad debts...

Creevy Corp. had $2,100,000 of net credit sales last year. Accounts receivable balance at year end was $480,000. Pre-adjusted Allowance for bad debts balance was $24,000. Creevy estimates that .5% (.005) of net credit sales will be uncollectible. During the year Creevy determined that $8,000 due from one customer would not be collected. Prepare journal entries to record: 1) bad debt expense for the year.  2) write off of the defaulted balance.