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Warner company's 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 company's 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 1.50 % of accounts receivable.

(1) prepare the December 31 year-end adjusting entry for uncollectibles

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