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At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $820 (debih 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 $820 (debih before adjustment. The balance of Accounts Receivable is $27,200. The company estimates that 8% of accounts will not be collected over the next year. What is the adjustment Mercy Cosmetics would 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 fleld.); View transaction list Journal entry worksheet 1 Record the adjusting entry for Allowance for Uncollectible Accounts Noter Ente Gebe bore credits Debit General Journal Credit Transaction

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