DO IT! 9.2a (LO 2) Gonzalez Company has been in business several years. At the end of the current year, the ledger shows the following:

Prepare entry for uncollectible accounts.

Accounts Receivable	$ 310,000 Dr.
Sales Revenue	2,200,000 Cr.
Allowance for Doubtful Accounts	6,100 Cr.

Bad debts are estimated to be 5% of accounts receivable. Prepare the entry to adjust Allowance for Doubtful Accounts.