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Please help me figure out how to resolve this. TYIA. a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is
Please help me figure out how to resolve this. TYIA.
a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is a credit balance In the amount of $29,247 on July 31, 2022. Prepare the required adjusting entry to record Bad Debt Expense for the year. b. Johnston Supplies, Incorporated writes off $3,181 of uncollectlble accounts on August 15, 2022. Prepare the required adjusting entry to record the write-off. c. Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15, 2022. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is a credit balance in the amount of $29,247 on July 31,2022 . Prepare the required adjusting entry to record Bad Debt Expense for the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry to record bad debt expense for the year July 31 , 2022. Note: Enter debits before credits. Johnston Supplies, Incorporated writes off $3,181 of uncollectible accounts on August 15,2022 . Prepare the required adjusting entry to record the write-off. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to write-off uncollectible accounts. Note: Enter debits before credits. Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15 , 20Step by Step Solution
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