Adjustment for Uncollectible Accounts

Below is the aging of receivables schedule for Evers Industries.

Aging of Receivables Schedule July 31
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	1,050,000	600,000	220,000	115,000	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