Warner Company's year-end unadjusted trial balance shows accounts recelvable of $115,000, allowance for doubtful accounts of $760 (credit), and sales of $440,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits. Debit Credit Date General Journal Dec 31

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Warner Company's year-end unadjusted trial balance shows accounts receivable of $115,000, allowance for doubtful accounts of $760
(credit), and sales of $440,000. Uncollectibles are estimated to be 1.50% of accounts receivable.
1. Prepare the December 31 year-end adjusting entry for uncollectibles.
View transaction list
Journal entry worksheet
1
Record the estimate of uncollectibles.
Note:
nter debits before credits.
Debit
Credit
Date
General Journal
Dec 31
Vlew general Journal
Record entry
Clear entry
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Transcribed Image Text:Warner Company's year-end unadjusted trial balance shows accounts receivable of $115,000, allowance for doubtful accounts of $760 (credit), and sales of $440,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. View transaction list Journal entry worksheet 1 Record the estimate of uncollectibles. Note: nter debits before credits. Debit Credit Date General Journal Dec 31 Vlew general Journal Record entry Clear entry < Prev 4 of 5 Next >
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