At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts is $760 (debit) before adjustment. The balance of Accounts Receivable is $26,600. The company estimates that 9% 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 field.);

Journal entry worksheet 1 Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit Bad Debt Expense 1 Allowance for Uncollectible Accounts Clear entry Record entry View general journal