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16. Module 4 Problem Set Aging of Receivables Schedule July 31 Not 1-30 31-60 61-90 Over 90 Past Days Days Days Days Past Due Balance
16.
Module 4 Problem Set Aging of Receivables Schedule July 31 Not 1-30 31-60 61-90 Over 90 Past Days Days Days Days Past Due Balance Due Customer Past Due Past Due Past Due 1,050,000 600,000 220,000 115,000 Subtotals 85,000 30,000 Boyd Industries 36,000 36,000 Hodges Company 11,500 11,500 Kent Creek Inc. 6,600 6,600 Lockwood Company 7,400 7,400 Van Epps Company 13,000 13,000 > Totals 1,124,500 607,400 233,000 121,600 96,500 66,000 Percentage uncollectible 1% 3% 12% 30% 75% Allowance for Doubtful Accounts 106,106 6,074 6,990 14,592 28,950 49,500 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. If an amount box does not require an entry, leave it blank. July 31 Check My Work Previous Next Assignment Score: 73% millinctructoStep by Step Solution
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