Warner Company's year-end unadjusted trial balance shows accounts receivable of $110,000, allowance for doubtful accounts of...
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Warner Company's year-end unadjusted trial balance shows accounts receivable of $110,000, allowance for doubtful accounts of $710 (credit), and sales of $390,000. 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 uncoliectibles. ant rences Note Enter debits before credits Date General Joumal Debit Credit Dec 31 Bad debts expense Allowance for doubtful accounts Record entry Clear entry View general journal Warner Company's year-end unadjusted trial balance shows accounts receivable of $110,000, allowance for doubtful accounts of $710 (credit), and sales of $390,000. 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 uncoliectibles. ant rences Note Enter debits before credits Date General Joumal Debit Credit Dec 31 Bad debts expense Allowance for doubtful accounts Record entry Clear entry View general journal
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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