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Adjustment for Uncollectible Accounts Kirchhoff Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $77,714. Assume that

Adjustment for Uncollectible Accounts Kirchhoff Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $77,714. Assume that the allowance for doubtful accounts for Kirchhoff Industries has a credit balance of $16,320 before adjustment on August 31. Journalize the adjusting entry for uncollectible accounts as of August 31. Aug. 31

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