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Suzuki Supply reports the following amounts at the end of 2021 (before adjustment).

Credit Sales for 2021$246,000Accounts Receivable, December 31, 202141,000Allowance for Uncollectible Accounts, December 31, 20211,200(Credit)

2.Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method. Suzuki estimates 3% of credit sales will not be collected.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)