At the end of the first year of operations, Mayberry Advertising had accounts receivable of $21,300. Management of the company estimates that 10% of the accounts will not be collected.

What adjustment would Mayberry Advertising record for Allowance for Uncollectible Accounts?

Record the adjustment entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Tr General Journal Debit Credit