A company has the following balances on December 31, Year 1, before any adjustment: Accounts Receivable = $120,000; Allowance for Uncollectible Accounts = $2,000 (debit). On December 31, Year 1, the company estimates uncollectible accounts to be 10% of accounts receivable. Required: 1. Record the adjusting entry for uncollectible accounts on December 31, Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet Record the adjusting entry for Uncollectible Accounts. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal