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Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated
Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. 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 debit balance of $500? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Answer is not complete. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year-end adjusting entry + >
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