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Wamer Company's year-end unadjusted trial balance shows accounts receivable of $116,000, allowance for doubtful accounts of $770 credit), and sales of $450,000. Uncollectibles are estimated

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Wamer Company's year-end unadjusted trial balance shows accounts receivable of $116,000, allowance for doubtful accounts of $770 credit), and sales of $450,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles New transaction in Journal entry worksheet 1 record the estimate of uncollectibles

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