Adjustment for uncollectible accounts Instructions Chart of Accounts Journal X Instructions Waddell Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $156,762. Assume that the allowance for doubtful accounts for Waddell Industries has a credit balance of $6,616 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.