Year-end unadjusted trial balance


Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600 (credit), and sales of $28,000. Uncollectibles are estimated to be 1.5% of accounts receivables.

1. Prepare the December 31 year-end 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 $300?

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Accounting Basics: Year-end unadjusted trial balance
Reference No:- TGS093932

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