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journalize the adjusting entry for uncollectible accounts as of July 31 EengageNOW2 Online teachinx W r/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogress=false Aging-or-Kecervadies Schedule November 30 1-30 Not Past Days
journalize the adjusting entry for uncollectible accounts as of July 31
EengageNOW2 Online teachinx W r/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogress=false Aging-or-Kecervadies Schedule November 30 1-30 Not Past Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Customer Balance Due Subtotals 597,500 352,500 131,500 53,800 29,900 29,800 Boyd Industries 12,000 12,000 19,400 19,400 5,900 Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company 5,900 11,700 26,100 11,700 26,100 Totals 672,600 378,600 143,200 59,700 49,300 41,800 2% 6% 25% Percentage uncollectible Allowance for Doubtful Accounts 35% 50% 69,244 7,572 8,592 14,925 17,255 20,900 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 14,540 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 Check My Work Previous Next Step by Step Solution
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