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At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,500 (debit) before adjustment. The company estimates future uncollectible accounts

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At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,500 (debit) before adjustment. The company estimates future uncollectible accounts to be 5% of credit sales for the year. Credit sales for the year total S 130,000. What adjustment would Brinkley record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method? (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) ef View transaction list Journal entry worksheet Record the adjustment entry for Allowance for Uncollectible Accounts. 15 Note: Enter debits before credits ansaction General Journal Debit Credit work etin stat Recard entry Clear entry View general journal

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