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Selbys Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $74,404. Assume that the allowance for

Selbys Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts at December 31 is $74,404. Assume that the allowance for doubtful accounts for Selbys Bike Co. had a debit balance of $7,715 as of December 31, 2016.

Journalize the adjusting entry for uncollectible accounts as of December 31, 2016. Refer to the Chart of Accounts for exact wording of account titles.

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