Adjustment for Uncollectible Accounts

Below is the aging of receivables schedule for Evers Industries.

Aging-of-Receivables Schedule November 30
Customer	Balance	Not Past Due	1-30 Days Past Due	31-60 Days Past Due	61-90 Days Past Due	Over 90 Days Past Due
Subtotals	702,200	414,300	154,500	63,200	35,100	35,100
Boyd Industries	14,600					14,600
Hodges Company	15,800				15,800
Kent Creek Inc.	7,300			7,300
Lockwood Company	7,500		7,500
Van Epps Company	29,200	29,200
Totals	776,600	443,500	162,000	70,500	50,900	49,700
Percentage uncollectible		2%	6%	20%	30%	45%
Allowance for Doubtful Accounts	70,325	8,870	9,720	14,100	15,270	22,365

Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 14,770 before adjustment on November 30.

Journalize the adjusting entry for uncollectible accounts as of November 30.

Nov 30	Bad Debt Expense
	Allowance for Doubtful Accounts