warner companys year-end unadjusted trial balance shows accounts receivable of $111000, allowance for doubtful accounts of $720 and sales of $400000. uncollectibles are estimated to be 1% of sales

Warner Company's year-end unadjusted trial balance shows accounts receivable of $111,000, allowance for doubtful accounts of $720 (credit), and sales of $400,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles. View transaction list Journal entry worksheet Record the estimate of uncollectibles Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal