Question: 7.7 At the end of the year, Syer Associates had a debit balance in iis allowance for uncollectible accounts Of $18,000 before adjustment. The balance

7.7

At the end of the year, Syer Associates had a debit balance in iis allowance for uncollectible accounts Of $18,000 before adjustment. The balance in Syers gross accounts receivable is $685,000. SFS management estimates that 9% of its accounts receivable balance Will not be collected. What journal entry should Syer record to adjust its allowance for uncollectible accounts? (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View trarMtion list Journal entry worksheet Record the adjustment to the allowance for uncollectible accounts. Note

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