Triple Tier Bakery is a locally-owned business offering custom cakes, cupcakes, desserts and wedding cakes. At year end, Triple Tier's balance of Allowance for Uncollectible Accounts is $470 (credit) before adjustment. The Accounts Receivable balance is $18,500. During the next year, Triple Tier estimates that 12% of accounts will be uncollectible.

Record the adjustment required for Allowance for Uncollectible Accounts?