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Prepare December year-end adjusting entry for uncollectibles

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Problem - Warner Company's year-end unadjusted trial balance shows accounts receivable of $109,000, allowance for doubtful accounts of $700 (credit), and sales of $380,000. Uncollectibles are estimated to be 1% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles.

Reference no: EM132955559

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