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Prepare the december 31 year-end adjusting entry

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Reference no: EM132203507

Warner company's year end unadjusted trial balance shows accounts receivable of 101,000, allowance for doubtful accounts of 620 (credit), and sales of 300000. Uncollectibles are estimated to be 1.5% of accounts receivable.

  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 400
  3. Prepare JJun's journal entry for August 2

Reference no: EM132203507

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