At the end of the year, Jung Enterprises estimates the uncollectible accounts expense to be .7 percent of net sales of $15,150,000. The current credit balance of Allowance for Uncollectible Accounts is $25,800. Prepare the entry to record the uncollectible accounts expense. What is the balance of Allowance for Uncollectible Accounts after this adjustment?

Accounts Receivable Aging Method