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Pertormance Bike Co, has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $83,076. Assurne that the alowance for

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Pertormance Bike Co, has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $83,076. Assurne that the alowance for doubtul accounts tor Performance Bke Co. had a debt balance of $7,750 as of December 31. Required: Joumatre the adfusting entry for uncollectible accounts as of December 31. Fefor to the chart of accounts for the exact wording of the account thes. CNOW joumais do not use ines for joumal explanations. Every ine on a joumal page is used for debit or credit entries. CNOW joumats wit autiomaticaly indent a crodit entry whon a credit amount is entered. for joumal explanations. Every lne on a joumal page is used for debit or credit entries. CNOW joumals wal aviomaticaly indent a crodit entry when a credit amount is entered

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