Brief Exercise 5-7 (Algo) Record the adjusting entry for uncollectible accounts (LO5-5) At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $440 (credil before adjustment. The balance of Accounts Recelvable is $17,000. The company estimates that 12% of accounts will not be collected over the next year. What adjusting entry 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.) Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Accounts. Noter finter dinbits botere credits