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Problem has 3 parts. A, B, and C. The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016:
Problem has 3 parts. A, B, and C.
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2016: Number of Days Unpaid Historical Uncollectible Receivable $128 400 5% Not yet due 1-30 days past due $91,100 10% 31-50 days past due $55,500 16% Over 60 days past due $33.700 33% Required a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies. Inc. is a credit balance in the amount of $29.517 on July 31, 2016. 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.) transaction st view transa Journal E 1. Record the adjusting entry to record bad debt expense for the year July 31, 2016. Recor 2016. Date July 31. 2016 its journal entry has been entered dolStep by Step Solution
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