An aging schedule reveals $6,500 of uncollectible accounts.The Allowance for Uncollectible Accounts account currently has a debit balance of $250.The adjusting entry amount should be $6,750.

Question

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To adjust the Allowance for Uncollectible Accounts account to a balance of $6,750, the adjusting entry should credit the account for $6,500 (the amount of uncollectible accounts) and debit the account for $6,750 (to increase the balance to $6,750). This results in an adjusting entry amount of $250, which is the amount needed to bring the balance to the desired level.

An Aging Schedule Reveals $6,500 of Uncollectible Accounts