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Warner Company’s year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of...

Warner Company’s year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $140,000. Uncollectibles are estimated to be 1% of sales.

Prepare the December 31 year-end adjusting entry for uncollectibles.

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Date General Jou unaf Sebit Credit Dec 31 Bad olebts cxpense J५०० Allowance for doubtful accounts $ 1.400 To record un Loltec

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