Consider the following data:

The unadjusted credit balance in Allowance for Uncollectible Accounts at December 31, 20X7, is $600. By using the percentage of ending accounts receivable method, prepare an adjusting entry to bring Allowance for Uncollectible Accounts to the appropriate amount at December 31, 20X7, when the Accounts Receivable balance is $250,000. Base your estimate of the percentage on the actual loss experience in the prior 6 years. Assume that all write-offs occur before the end of the year following the sale.

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Accounts Receivable Deemed Accounts Receivable at End of Year $216,000 170,000 195,000 230,000 275,000 240,000 Uncollectible and Written Of 20X1 20X2 20X3 20X4 20X5 20X6 During Subsequent Years 8,000 7,572 7,000 10,300 13,000 9,820