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What amount would have been used in the year-end adjusting

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Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $280,000. Uncollectibles are estimated to be 1.5% of accounts receivable.

Problem 1: Prepare the December 31 year-end adjusting entry for uncollectibles.

Problem 2: Record the estimate of uncollectibles.

Problem 3: What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $300?

Reference no: EM132794418

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