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Res Warner Company's year-end unadjusted trial balance shows accounts receivable of $117,000, allowance for doubtful accounts of 3780 (credit), and sales of $460,000. Uncollectibles are
Res Warner Company's year-end unadjusted trial balance shows accounts receivable of $117,000, allowance for doubtful accounts of 3780 (credit), and sales of $460,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles. No 1 Date Dec 31 Answer is complete and correct. General Journal Bad debts expense Allowance for doubtful accounts Debit Credit 975 975 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 $1,2007 Amount sed in the year and adjusting entry
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