BioWare's year$-$end unadjusted trial balance shows accounts receivable of $$33,000$ and sales of $$440,000.$ Uncollectibles are estimated to be $2\%$ of sales.

Prepare the December $31$ year$-$end adjusting entry for uncollectibles using the percent of sales method.

Journal entry worksheet

$1$

Record the estimate of uncollectibles.

Note: Enter debits before credits.

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