Adjustment for Uncollectible Accounts

Sun Valley Rides is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows:

Assume that the allowance for doubtful accounts for Sun Valley Rides had a negative balance of $(24,635) as of December 31,20Y3. [llustrate the effects of the adjustment for uncollectible accounts as of December 31,20Y3, on the accounts and financial statements