QS $7\mathrm{.}8($Algo$)$ Percent of accounts receivable method LO P$3$

Warner Company's year$-$end unadjusted trial balance shows accounts recelvable of $$116,000,$ allowance for doubtful accounts of $$770$

$($credit$).$ and sales of $$450,000.$ Uncollectibles are estimated to be $1\mathrm{.}50\%$ of accounts recelvable.

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

What amount would have been used in the year$-$end adjusting entry if the allowance account had a year$-$end unadjusted debit

balance of $$1,150?$

Complete this question by entering your answers in the tabs below.

Required $2$

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

Journal entry worksheet

Record the estimate of uncollectibles.

Note: Enter debits before credits.

QS $7-8($Algo$)$ Percent of accounts receivable method LO P$3$

Warner Company's year$-$end unadjusted trial balance shows accounts recelvable of $$116,000,$ allowance for doubtful accounts of $$770$

$($credit$).$ and sales of $$450,000.$ Uncollectibles are estimated to be $1\mathrm{.}50\%$ of accounts recelvable.

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 $$1,150?$

Complete this question by entering your answers in the tabs below.

Required $2$

What amount would have been used in the year$-$end adjusting entry if the allowance account had a year$-$end unadjusted debit

balance of $$1,150?$

Amount used in the year$-$end adjusting entry

QS $8-6($Algo$)$ Double$-$declining$-$balance method LO P$1$

A bullding is acquired on January $1$ at a cost of $$990,000$ with an estimated useful life of eight years and salvage value of $$89\mathrm{.}100.$

Compute depreciation expense for the first three years using the double$-$declining$-$balance method.

Note: Round your answers to the nearest dollar.

QS $7-7($Algo$)$ Reporting allowance for doubtful accounts LO P$2$

On December $31$ of Swift Company's first year, $$64,000$ of accounts recelvable was not yet collected. Swift estimated that $$3,400$ of Its

accounts recelvable was uncollectible and recorded the year$-$end adjusting entry.

Compute the realizable value of accounts recelvable reported on Swift's year$-$end balance sheet.

On January $1$ of Swift's second year, It writes off a customer's account for $$600.$ Compute the realizable value of accounts,

recervable on January $1$ after the write$-$off.