Chapter 5 Homework - Graded Brief Exercise 5-3 Establish an allowance for uncollectible accounts (L05-3) 107 points At the end of the first year of operations, Mayberry Advertising had accounts receivable of $20.000. Management of the company estimates that 10% of the accounts will not be collected. What adjustment would Mayberry Advertising record to establish 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 o 1. to Journal entry worksheet Record the adjusting entry for Allowance for Uncollectible Ad Note: Enter debts before credits Transaction General Journal Debit Record entry View generala