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At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $450 (credin before adjustment. The balance of Accounts Receivable is

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At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $450 (credin before adjustment. The balance of Accounts Receivable is $17.500. 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 list Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts Note debit before credits General Journal Dobit Credit Transaction 1 Record entry Clear entry View general Journal

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