At the end of the year, Syer Associates had a debit balance in its allowance for uncollectible accounts of $16,000 before adjustment. The balance in Syer's gross accounts receivable is $595,000. Syer's management estimates that 3% of its accounts receivable balance will not be collected. What journal entry should Syer record to adjust its allowance for uncollectible accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjustment to the allowance for uncollectible accounts. Note: Enter debits before credits. Transaction General Journal Debit Credit 1