Prepare december year-end adjusting entry for uncollectibles

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Reference no: EM133921749

Problem

Percent of sales method LO P3 Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1% of sales. Get the instant assignment help. Prepare the December 31 year-end adjusting entry for uncollectibles.

Reference no: EM133921749

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