Using data in Exercise 9-9, assume that the allowance for doubtful accounts for Kirchhoff Industries has a credit balance of $10,112 before adjustment on August 31. Journalize the adjusting entry for uncollectible accounts as of August 31?
Age Class ___________________ Percent Uncollectible
Not past due ..................................... 2%
1-30 days past due .............................. 4
31-60 days past due ........................... 18
61-90 days past due ............................ 40
Over 90 days past due ......................... 75