Warner Company's year-end unadfusted trial balance shows accounts receivable of $104,000, allowance for doubtful accounts of $550 (eredin) and sales of $330000. Uncollectibles are estimsted to be 150% of accounts receivable. 1. Prepare the December 34 year-end ad, usting entry for uncollectibles: 2. What amount would have been used in the yearend adjusting entry if the alfowance account had a year-end unadjusted debit balance of $550 ? Complete this question by entering your answers in the tabs below. Prepare the Oecember 31 year-end adjusting entry for uncollectibles. Journal entry worksheet Pecord the estimate of uncoliectibles: Warner Companys year-end unadjusted trial balance shows accounts receivable of $104,000, allowance for doubtul accounts $650 (credit), and sales of $330,000 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 debi balance of $550 ? 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 $550 ? Mazle Supply Co. uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts recelvable of $110,000, and it estimates that 2% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,870 credlt balance before the adjustment. (b) a $550 deblt balance before the adjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,870 credit balance before the adjustment. Noter Enter debits before credits. Mazle Suppiy Co. uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts recelvable of $110.000, and it estimates that 2% will be uncollectible Prepare the year-end adjustung entry to record bad debts expense under the assumption that the Allowance for Doubtul Accounts has: Iaf a $1,870 credt botionce before the adjustment: (b) a $550 deblt balance before the adjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $550 debit balance belore the adjustment. Nore Enter deles beforn crodts. At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted tral balance includes the following items. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts recelvable. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 3% of credit sales. Note: Enter debits before credias. At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted trial balance includes the following items. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, ( 2 ) 1% of total sales and (3) 6% of year-end accounts recelvable. Journal entry worksheet Record Bad Debts Expense assuming uncollectibles are estimated to be 1% of total sales. Note: Enter debits before credits. At December 31, Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted trial balance includes the following rems. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2) 1% of total sales and (3) 6% of year-end accounts recelvable. Journal entry worksheet 1 Record Bad Debts Expense jassuming uncollectibles are estimated to be 6% of year-end accounts receivable. Note: Enter debits before credits
