QS 7-8 Percent of sales method LO P3 Warner Company's year-end unadjusted trial balance shows accounts receivable of $119,000, allowance for doubtful accounts of $800 (credit), and sales of $480,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles. X Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 Dec 31 Bad debts expense 4,000 Allowance for doubtful accounts 4,000