Entry for Uncollectible Accounts December 31. Journalize the adjusting entry for uncollectible accounts as of December 31. Dec. 31

Entry for uncollectible Accounts Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $372,500. Assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $28,400 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31.