Kelly's Jewelry has the following transactions during the year, total jewelry sales = $720,000; sales discounts = $18,500; sales returns $47,000; sales allowances = $27,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,850; sales returns = $5,640; sales allowances = $3,600, Compute net sales. Total sales Not sales ork Saved Help Save & Exit Submit At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $530 (credit) before adjustment. The balance of Accounts Receivable is $21.500. The company estimates that 15% of accounts will not be collected over the next year. What adjustment 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.) View transaction list Journal entry worksheet