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PART B Using the aging-of-accounts-receivable method to estimate uncollectibles, Greeley Inc. estimates that $6,000 of its accounts receivable will be uncollectible. Prior to adjustment, the

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PART B Using the aging-of-accounts-receivable method to estimate uncollectibles, Greeley Inc. estimates that $6,000 of its accounts receivable will be uncollectible. Prior to adjustment, the Allowance for Uncollectible Accounts has a credit balance of $2,000. After all necessary adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be: What is the adjusting entry for the above situation

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