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Warner Companys year-end unadjusted trial balance shows accounts receivable of $109,000, allowance for doubtful accounts...

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Accounting

Warner Companys 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 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles.

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