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At the end of the year, Admiral Ackbar Associates (AAA) had a credit balance in its allowance for uncollectible accounts of $10,000 before adjustment .

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At the end of the year, Admiral Ackbar Associates (AAA) had a credit balance in its allowance for uncollectible accounts of $10,000 before adjustment . The balance in AAA's gross accounts receivable is $628,000. AAA's management estimates that 6% of its accounts receivable balance will not be collected What journal entry should AAA record to adjust its allowance for uncollectible accounts? If no entry is required for a transaction/event, select "No journal entry required" in the first account field, View transaction list Journal entry worksheet 1 Record the adjustment to the allowance for uncollectible accounts. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal

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