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QS 7-8 (Algo) Percent of accounts receivable method LO P3 Warner Company's year-end unadjusted trial balance shows accounts receivable of $106,000, allowance for doubtful accounts

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QS 7-8 (Algo) Percent of accounts receivable method LO P3 Warner Company's year-end unadjusted trial balance shows accounts receivable of $106,000, allowance for doubtful accounts of $670 (credit), and sales of $350,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit bolance of $650 ? Complete this question by entering your answers in the tabs below. 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 LOP3 Warner Company's year-end unadjusted trial balance shows accounts recelvable of $106,000, allowance for doubtrul accounts of $670 (credith and sales of $350,000. Uncoliectibles are estimated to be 1.50% of accounts recelvable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles 2. What amount would hove been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit bolonce of $650 ? Complete this question by entering your answers in the tabs below. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of 5650

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