Question
Warner Companys year-end unadjusted trial balance shows accounts receivable of $119,000, allowance for doubtful accounts of $800 (credit), and sales of $480,000. Uncollectibles are estimated
Warner Companys year-end unadjusted trial balance shows accounts receivable of $119,000, allowance for doubtful accounts of $800 (credit), and sales of $480,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles. RECORD THE ESTIMATE OF UNCOLLECTIBLES
| GENERAL JOURNAL | DEBIT | CREDIT |
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Contabilidad Para No Contadores
Authors: Wayne Label
2nd Edition
9587712986, 9789587712988
