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3. Assume that December 31 forecast shows the estimated uncollectible accounts to be $27,860 for the next year. The Allowance for Doubtful Accounts currently shows

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3. Assume that December 31 forecast shows the estimated uncollectible accounts to be $27,860 for the next year. The Allowance for Doubtful Accounts currently shows a credit balance of $1,576 also on Decomber 31. Journalilze the adjusting entry to update the Allowance for Doubtfui Accounts for the new yoar using the "Analysis of Receivables" nethad

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