Using the method, the estimated total uncollectible accounts are $ 6,622. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 2,635. The Accounts Receivable balance is $ 44,720. The amount of the adjusting entry for Expense is:

Uncollectible Accounts Expense   $ 9257

Explanation:

Accounts Receivable balance  $ 44,720

The estimated total uncollectible accounts  $ 6,622.

Unadjusted Allowance for Uncollectible Accounts 2,635 Dr.

Adjustment Required (  $ 6,622+ 2,635)= $ 9257

Adjusted Allowance for Uncollectible Accounts $ 9257 Cr

The Allowance for Uncollectibles must always have a credit balance . As we have a debit balance we add it to get the required credit balance adjusting amount.

The amount of the adjusting entry for

Uncollectible Accounts Expense is  $ 9257

and the entry is

Bad debts Expense $ 9257 Dr.

Allowance for Uncollectibles   $ 9257 Cr.

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%