Brown Company's account balances at December 31, 2014 for Accounts Receivable and the related Allowance for Doubtful Accounts are $920,000 debit and $1,400 credit, respectively. From an aging of accounts receivable, it is estimated that $23,000 of the December 31 receivables will be uncollectible. The necessary adjusting entry would include a credit to the allowance account for

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The allowance account needs to be adjusted to reflect the estimated uncollectible amount of $23,000. The current balance is $1,400 credit, so an additional $21,600 credit is needed to reach the $23,000 estimate.

Brown Company's Account Balances at December 31, 2014 for Accounts