Warner Company’s year-end unadjusted trial balance shows accounts receivable of $108,000, allowance for doubtful accounts of...

Warner Company’s year-end unadjusted trial balance shows accounts receivable of $108,000, allowance for doubtful accounts of $690 (credit), and sales of $370,000. Uncollectibles are estimated to be 1.50% of accounts receivable.

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

2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $750?

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Answer to Question 1:

Answer to Question 2:

ekkarill92 answered 1 year ago

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