9-4-2

Waddell Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $142,815. Assume that the allowance for doubtful accounts for Waddell Industries has a credit balance of $6,350 before adjustment on August 31.

Journalize the adjusting entry for uncollectible accounts as of August 31. Refer to the Chart of Accounts for exact wording of account titles.