Brief Exercise 5-6 Record the adjusting for uncollectible accounts (L05-5) At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts is $490 (credid before adjustment. The balance of Accounts Receivable is $19,500. The company estimates that 10% 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: Enter debits before credits Transaction General Journal Debit Credit Viow general journal Brief Exercise 5-7 Record the adjusting for uncollectible accounts (L05-5) At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $760 (deblo 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.); View transaction list Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts. Nate: Enter debits before credits. Transaction General Journal Debit Credit Record entry Cluar entry Vivi gangral journal Brief Exercise 5-16 Calculate Interest revenue on notes receivable (LO5-7) On October 1, 2021, Oberley Corporation loans one of its employees $25,000 and accepts a 12-month, 8% note receivable. Calculate the amount of interest revenue Oberley will recognize in 2021 and 2022. Year Interest Revenue 2021 2022