Solution-Prepare year-end adjusting entry for uncollectibles

Prepare year-end adjusting entry for uncollectibles

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Reference no: EM13537773

Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. 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 $200?

Reference no: EM13537773

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Prepare year-end adjusting entry for uncollectibles

Reference no: EM13537773

Reference no: EM13537773

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