Question: Warner Companys year-end unadjusted trial balance shows accounts receivable of $101,000, allowance for doubtful accounts of $620 (credit), and sales of $300,000. Uncollectibles are estimated

Warner Companys year-end unadjusted trial balance shows accounts receivable of $101,000, allowance for doubtful accounts of $620 (credit), and sales of $300,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectible.

Journal entry worksheet

Record the estimate of uncollectibles.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31	Bad debts expense
	Allowance for doubtful accounts

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