At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $2,400 ( debit ) before adjustment. The company estimates future uncollectible accounts to be 3%

At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is $2,400 ( debit ) before adjustment. The company estimates future uncollectible accounts to be 3% of credit sales for the year. Credit sales for the year total $119,000. adjustment would Brinkley record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method? (If no entry is required for a particular transaction/event, select “No Journal Entry Required” in the first account field.) Transcribed Image Text: Journal entry worksheet
1
Record the adjusting entry for Allowance for Uncollectible Accounts.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
1
Record entry
Clear entry
View general journal

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