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 773,100 456,100 170,100 69,600 38,700 38,600

Boyd Industries 13,500 13,500

Hodges Company 16,600 16,600

Kent Creek Inc. 5,900 5,900

Lockwood Company 9,800 9,800

Van Epps Company 32,000 32,000

Totals 850,900 488,100 179,900 75,500 55,300 52,100

Percentage uncollectible 1% 5% 20% 30% 45%

Allowance for Doubtful Accounts 69,011 4,881 8,995 15,100 16,590 23,445

Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 14,490 before adjustment on July 31.

Journalize the adjusting entry for uncollectible accounts as of July 31.

July 31

Bad Debt Expense$

Allowance for Doubtful Accounts $