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sted trial balance shows accounts receivable of $99,000, allowance for doubtful ollectibles are estimated to be 1.5% of accounts receivable. d adjusting entry for uncollectibles. eet

sted trial balance shows accounts receivable of $99,000, allowance for doubtful ollectibles are estimated to be 1.5% of accounts receivable. d adjusting entry for uncollectibles. eet

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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6. Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $280,000. Uncollectibles are estimated to be 1.5% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. pints View transaction list eBook Hint Journal entry worksheet Print 1 <> References Record the estimate of uncollectibles. Note: Enter debits before credits. Mc Graw Hill < Prev 6 of 15 Next > 11 3/28 F5 F6 F7 F9 Inser Prt F3 F4 F8 F10 F11 F12 Fn Lock %23 $4
Transcribed Image Text:6. Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $280,000. Uncollectibles are estimated to be 1.5% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. pints View transaction list eBook Hint Journal entry worksheet Print 1 <> References Record the estimate of uncollectibles. Note: Enter debits before credits. Mc Graw Hill < Prev 6 of 15 Next > 11 3/28 F5 F6 F7 F9 Inser Prt F3 F4 F8 F10 F11 F12 Fn Lock %23 $4
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