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QS 7 - 8 ( Algo ) Percent of accounts receivable method LO P 3 Warner Company's year - end unadjusted trial balance shows accounts

QS 7-8(Algo) Percent of accounts receivable method LO P3
Warner Company's year-end unadjusted trial balance shows accounts receivable of $118,000, allowance for doubtful accounts of $790
(credit), and sales of $470,000. Uncollectibles are estimated to be 1.50% of accounts receivable.
Prepare the December 31 year-end adjusting entry for uncollectibles.
What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit
balance of $1,250?
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What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted
debit balance of $1,250?
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