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 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles.
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Warner Company’s year-end unadjusted trial balance shows accounts receivable of $119,000, allowance...
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