Warner Companys year-end unadjusted trial balance shows accounts receivable of $ 99,000, allowance for doubtful accounts of

Question:

Warner Company’s year-end unadjusted trial balance shows of $ 99,000, allowance for doubtful accounts of $ 600 (credit), and sales of $ 280,000. Uncollectibles are estimated to be 1.5% of
1. Prepare the December 31 year-end adjusting entry for uncollectibles.
2. What amount would have been used in the year-end adjusting entry if the allowance account had a year- end unadjusted debit balance of $ 300?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...