Brief Exercise 5-14 Use the direct write-off method to account for uncollectible accounts (LO5-6) Brady is hired in 2021 to be the accountant for Anderson Manufacturing, a private company. At the end of 2021, the balance of Accounts Receivable is $20,500. In the past, Anderson has used only the direct write-off method to account for bad debts. Based on a detailed analysis of amounts owed, Brady believes the best estimate of future bad debts is $7,300. Required: 1. If Anderson continues to use the direct write-off method to account for uncollectible accounts, what adjustment, if any, would Brady record at the end of 2021? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) search View transaction list Journal entry worksheet < 1 Record the adjusting entry for Allowance for Uncollectible Accounts. Note: Enter debits before credits. Transaction 1 O General Journal Debit Credit Prev 1 of 1 Next > 79F Sunny