Solution-What amount would have been used in year-end

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

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Question - Warner Company's year-end unadjusted trial balance shows accounts receivable of $110,000, allowance for doubtful accounts of $710 (credit), and sales of $390,000. Uncollectibles are estimated to be 1.50% 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 $850?

Reference no: EM133054075

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

Reference no: EM133054075

Reference no: EM133054075

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