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No matter what I do #2 is wrong help! Warner Company's year-end unadjusted trial balance shows accounts receivable of $104,000, allowance for doubtful accounts of
No matter what I do #2 is wrong help! Warner Company's year-end unadjusted trial balance shows accounts receivable of $104,000, allowance for doubtful accounts of $650 (credit), and sales of $330,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. Answer is complete and correct. Debit Credit General Journal NO Date 910 1 Dec 31 Bad debts expense Allowance for doubtful accounts 910 2. What amount would have been used in the year end adjusting entry If the allowance account had a year-end unadjusted debit balance of $550? Answer is complete but not entirely correct. 1010 Amount used in the year and adjusting entry
No matter what I do #2 is wrong help!
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