Homework Answers
Answer
--Requirement 1
| Date | General Journal | Debit | Credit |
| 31-Dec | Bad Debt Expense ($460000 x 1%) | $4,600 | |
| Allowance for Doubtful Accounts | $4,600 | ||
| (to record year end adjusting entry) |
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Warner Company's year-end unadjusted trial balance shows accounts receivable of $117,000, allowance for doubtful ac...
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Warner Company's year-end unadjusted trial balance shows accounts receivable of $105,000, allowance for doubtful accounts of $660 (credit), and sales of $340,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal
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