Question
Warner Company's year-end unadjusted trial balance shows accounts receivable of $107,000 allowance for doubtful accounts of $680 (credit) and sales of $360,000. uncollectibles are estimated
Warner Company's year-end unadjusted trial balance shows accounts receivable of $107,000 allowance for doubtful accounts of $680 (credit) and sales of $360,000. uncollectibles are estimated to be 1% of sales.
Prepare the December 31-year-end adjusting entry for uncollectibles.
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IT Auditing An Adaptive Process
Authors: Robert E. Davis
1st Edition
0557220513, 978-0557220519
