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	607,700	358,500	133,700	54,700	30,400	30,400
Boyd Industries	12,100					12,100
Hodges Company	19,400				19,400
Kent Creek Inc.	9,800			9,800
Lockwood Company	11,100		11,100
Van Epps Company	23,500	23,500
Totals	683,600	382,000	144,800	64,500	49,800	42,500
Percentage uncollectible		1%	6%	25%	35%	50%
Allowance for Doubtful Accounts	67,313	3,820	8,688	16,125	17,430	21,250

Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 14,135 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

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