Waddell Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $140,434. Assume that the allowance for doubtful accounts for Waddell Industries has a credit balance of $6,971 before adjustment on August 31. Joumaiize the adjusting entry for uncollectible accounts as of August 31. Refer to the Chart of Accounts For exact wording of account titles. EI Joumalize the adjusting entry for uncollectible accounts as of August 31. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL DESCRIP110N . . DEBIT CREDIT