At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $$420($credit$)$ before adjustment. The balance of Accounts Receivable is $$16,000.$ The company estimates that $10\%$ of accounts will not be collected over the next year.

What adjusting entry would Mercy Cosmetics record for Allowance for Uncollectible Accounts? $($If no entry is required for a particula transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

Record the adjusting entry for Allowance for Uncollectible Accounts.

Note Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$