Warner Company’s year-end unadjusted trial balance shows accounts receivable of $119,000, allowance for doubtful account

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answerhappygod
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Warner Company’s year-end unadjusted trial balance shows accounts receivable of $119,000, allowance for doubtful account

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Warner Company’s year-end unadjusted trial balance shows
accounts receivable of $119,000, allowance for doubtful accounts of
$800 (credit), and sales of $480,000. Uncollectibles are estimated
to be 1% of sales.

Prepare the December 31 year-end adjusting entry for
uncollectibles.

RECORD THE ESTIMATE OF UNCOLLECTIBLES
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