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November 30 31-60 Not Past Due 1-30 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Days Past Due Customer Balance Subtotals

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November 30 31-60 Not Past Due 1-30 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Days Past Due Customer Balance Subtotals 742,900 438,300 163,400 66,900 37,100 37,200 18,600 18,600 19,400 19,400 5,900 5,900 11,500 11,500 Boyd Industries Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals Percentage uncollectible Allowance for Doubtful Accounts 27,000 27,000 174,900 72,800 55,800 825,300 465,300 1% 56,500 35% 5% 25% 50% 79,273 4,653 8,745 18,200 19,775 27,900 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $ 16,645 before adjustment on July 31 Journalize the adjusting entry for uncollectible accounts as of July 31. July 31 Bad Debt Expense 52.427 X Allowance for Doubtful Accounts D 52.427 X Book Show Me How Print Item Entry for Uncollectible Accounts Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts recilable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are given below. Estimated Uncollectible Accounts Amount Estimated Uncollectible Accounts Percent 3/4 % 3 Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 100 days past due 9 Balance $548,000 60,300 27,400 19,700 14,200 10,400 $680,000 $4,110 1,809 2,466 3,349 5,954 17 42 80 8,320 $26,018 Total Assume that the allowance for doubtfut accounts for Outlaw Bike Co had a debit balance of $4,685 as of December 31 Journalize the adjusting entry for uncollectible accounts as of December 31. 8 an amount box does not require an entry, leave it blank Dec 31

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