At the end of the first year of operations, Mayberry Advertising had accounts receivable of $22,000. Management of the company estimates that 12% of the accounts will not be collected.

What adjustment would Mayberry Advertising record for Allowance for Uncollectible Accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal Entry Worksheet

Record the adjustment entry for Allowance for Uncollectible Accounts.

Transaction

General Journal

Debit

Credit

1

*Enter debits before credits