Warner Company’s year-end unadjusted trial balance shows accounts receivable of $118,000, allowance for doubtful accounts of $790 (credit), and sales of $470,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles.

The needed adjusting entry is:

Dr Bad debt expense                              $980

Cr  Allowance for uncollectible accounts          $980

Explanation:

The new provision for uncollectible accounts is $1,770 (1.5%*$118,000), which implies that the balance required in the allowance for uncollectible accounts at the end of the year is $1,770 credit balance.

From all indications, the opening balance in the allowance for uncollectible accounts is $790 and only requires a credit entry of $980  to bring it up to $1,770, the expected closing balance.

As a result of the above, the required adjusting entry for uncollectibles is as follows:

Dr Bad debt expense                              $980

Cr  Allowance for uncollectible accounts          $980

answer with step-by-step explanation:

a. wx is perpendicular to xy - true:

(since x is adjacent to x and y and all angles are 90 degrees in a square, therefore wx is perpendicular to xy)

b. ∠w is congruent to ∠x - true:

(all angles in a square are equal to each other)

c. ∠w is supplementary to ∠x - true:

(∠w and ∠x both are right angles which add up to 180 degrees so they are supplementary angles)

d. wxyz is a rhombus - true:

(a rhombus has all sides equal in length and so has a square so it is a rhombus)

e. wxyz is a trapezoid - false:

(a trapezoid has only one pair of parallel sides while a square has two pairs of parallel sides)

f. wx is parallel to yz - true:

(wx and yz are parallel to each other)

answer; ///i believe the correct answer is(e) complementary to each other;