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Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not Past 1-30 Days Past Due 31-60

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Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Not Past 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Customer Balance Due Subtotals 144,200 655,500 386,700 59,000 32,800 32,800 15,500 15,500 Boyd Industries 18,200 18,200 Hodges Company Kent Creek Inc. 7,200 7,200 Lockwood Company 11,300 11,300 Van Epps Company 28,900 28,900 Totals 155,500 66,200 51,000 48,300 736,600 415,600 2% 5% 20% Percentage uncollectible 30% 45% 15,30021,735 66,362 8,312 7.775 Allowance for Doubtful Accounts 13,240 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 13,935 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. November 30 Not Past 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Customer Balance Due Subtotals 655,500 386,700 144,200 59,000 32,800 32,800 Boyd Industries Hodges Company 15,500 15,500 18,200 18,200 Kent Creek Inc. 7,200 7,200 Lockwood Company 11,300 11,300 Van Epps Company 28,900 28,900 Totals 736,600 415,600 155,500 66,200 51,000 48,300 Percentage uncollectible 2% 5% 20% 30% 45% Allowance for Doubtful Accounts 66,362 8,312 7,775 13,240 15,300 21,735 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 13,935 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. July 31

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