$2.$ Warner Company$$s year$-$end unadjusted trial balance shows accounts receivable of

$$116,000,$ allowance for doubtful accounts of $$770($credit$),$ and sales of $$450,000.$

Uncollectibles are estimated to be $1\mathrm{.}50\%$ of accounts receivable.

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

Date General Journal Debit Credit

December $31$

$3.$ OldNavy purchases etching equipment for $$257,000$ to use in operating activities for

the next four years. It estimates the equipment$$s salvage value at $$24,000.$

Prepare a table showing depreciation and book value for each of the four years

assuming straight$-$line depreciation.

Year Annual Depreciation Accumulated Deprecation Year$-$End Book Value

$1$

$2$

$3$

$4$