At the end of the year, Brinkley Incorporated's balance of Allowance for Uncollectible Accounts is $3,500 (credit) before adjustment. The company estimates future uncollectible accounts to be 5% of credit sales for the year. Credit sales for the year total $130,000. What is the adjustment Brinkley would record for Allowance for Uncollectible Accounts using the percentage-of-credit-sales method?
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