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Subtotals Customer Boyd Industries Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals Percentage uncollectible Allowance for Doubtful Accounts Balance July 31 Not
Subtotals Customer Boyd Industries Hodges Company Kent Creek Inc. Lockwood Company Van Epps Company Totals Percentage uncollectible Allowance for Doubtful Accounts Balance July 31 Not Past Due 1,050,000 600,000 36,000 11,500 6,600 7,400 7,400 13,000 106,106 1,124,500 607,400 1% 6,074 1-30 Days Past Due 220,000 13,000 233,000 3% 6,990 31-60 Days Past Due 115,000 6,600 121,600 12% 14,592 61-90 Days Past Due 85,000 11,500 96,500 30% 28,950 Over 90 Days Past Due 30,000 36,000 66,000 75% 49,500 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. If an amount box does not require an entry, leave it blank. July 31
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