ou have been recently hired as an assistant ontroller for XYZ Industries, a large, publically eld manufacturing company. Your immediate upervisor is the controller who also reports irectly to the VP of Finance. The controller has ssigned you the task of preparing the year-end djusting entries. In the receivables area, you ave prepared an aging accounts receivable and ave applied historical percentages to the alances of each of the age categories. The alysis indicates that an appropriate estimated alance for the allowance for uncollectible ccounts is $180,000. The existing balance in the llowance account prior to any adjusting entry is a 20,000 credit balance. fter showing your analysis to the controller, he ells you to change the aging category of a large ccount from over 120 days to current status and prepare a new invoice to the customer with a evised date that agrees with the new category. his will change the required allowance for ncollectible accounts from $180,000 to $135,000 actfully, you ask the controller for an explanation or the change and he tells you "We need the extr come, the bottom line is too low."