44.

At the end of the year, Admiral Ackbar Associates (AAA) had a credit balance in its allowance for uncollectible accounts of $11,000 before adjustment. The balance in AAA's gross accounts receivable is $650,000. AAA's management estimates that 8% of its accounts receivable balance will not be collected. What journal entry should AAA record to adjust its allowance for uncollectible accounts?

If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Record the adjustment to the allowance for uncollectible accounts.