Entry for uncollectible accounts Selbys Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $76,475. Assume that the allowance for doubtful accounts for Selbys Bike Co. had a debit balance of $7,200 as of December 31, 2016. Journalize the adjusting entry for uncollectible accounts as of December 31, 2016. Refer to the Chart of Accounts for exact wording of account titles.