Exercise $9-12($Algo$)$ Percent of sales method LO P$3$

Warner Company's year$-$end unadjusted trial balance shows accounts receivable of $$110,000,$ allowance for doubtful

accounts of $$710($credit$),$ and sales of $$390,000.$ Uncollectibles are estimated to be $1\%$ of sales.

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