At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts is $500 (credit) before adjustment. The balance of Accounts Receivable is $20,000. The company estimates that 15% of accounts will not be collected over the next year.

What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction IHst Journal entry worksheet 1 Record the adjusting entry for Allowance for Uncollectible Accounts Note: Enter debits before cred its. General Journal Transaction Debit Credit Clear entry Record entry View general journal