Question
Warner Companys year-end unadjusted trial balance shows accounts receivable of $114,000, allowance for doubtful accounts of $750 (credit), and sales of $430,000. Uncollectibles are estimated
Warner Companys year-end unadjusted trial balance shows accounts receivable of $114,000, allowance for doubtful accounts of $750 (credit), and sales of $430,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles.
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Accounting And Financial Management For Residential Construction
Authors: Emma Shinn
5th Edition
0867186356, 978-0867186352
