Using data in Exercise 9-9, assume that the allowance for doubtful accounts for Waddell Industries has a credit balance of $6,350 before adjustment on August 31. Journalize the adjusting entry for uncollectible accounts as of August 31.
In Exercise 9-9
Age Class _____________Percent Uncollectible
Not past due ................................... 3%
1-30 days past due ............................. 4
31-60 days past due .......................... 15
61-90 days past due .......................... 35
Over 90 days past due ........................ 80