QS $9-6$ Percent of accounts receivable method LO P$3$

Warner Company's year$-$end unadjusted trial balance shows accounts receivable of $$111,000,$ allowance for doubtful accounts of $$720($credit$),$ and sales of $$400,000.$ Uncollectibles are estimated to be $1\mathrm{.}50\%$ of accounts receivable.

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

Journal entry worksheet

$1$

Record the estimate of uncollectibles.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Dec $31,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$