2-26:06 Dok int ences Warner Company's year-end unadjusted trial balance shows accounts receivable of $111,000, allowance for doubtful accounts of $720 (credit), and sales of $400,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles. View transaction list Journal entry worksheet

Wamer Company's year-end unadjusted trial balance shows accounts receivable of $111,000, allowance for doubtful accounts of $720 (credit), and sales of $400,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles