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Saved QS 7-8 (Algo) Percent of accounts receivable method LO P3 Warner Company's year-end unadjusted...

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Saved QS 7-8 (Algo) Percent of accounts receivable method LO P3 Warner Company's year-end unadjusted trial balance shows accounts receivable of $102,000, allowance for doubtful accounts of $630 (credit), and sales of $310,000. Uncollectibles are estimated to be 1.50% of accounts recelvable. 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 $4507 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the December 31 year-end adjusting entry for uncollectibles. View transaction list View journal entry worksheet No Date General Journal Deblt Credit 1 December 31 Bad debts expense

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