Wecker companys year-end unadjusted trial balance shows, Ask an Expert

Accounting

Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable.

a) Prepare the December 31 year-end adjusting entry for uncollectibles.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404026

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