22 At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts...
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22 At the end of the year, Mercy Cosmetics' balance of Allowance for Uncollectible Accounts is $410 (credio before adjustment. The balance of Accounts Receivable is $15,500. The company estimates that 12% of accounts will not be collected over the next year. What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list -Book Journal entry worksheet
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