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TB Problem 8-214 (Algo) The following summarizes the aging of accounts... The following summarizes the aging of accounts receivable for Johnston Supplies, Incorporated as of
TB Problem 8-214 (Algo) The following summarizes the aging of accounts... The following summarizes the aging of accounts receivable for Johnston Supplies, Incorporated as of July 31,2022 : Required: a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Incorporated is a credit balance in the amount of $29,427 on July 31,2022 . Prepare the required adjusting entry to record Bad Debt Expense for the year. b. Johnston Supplies, Incorporated writes off $3,241 of uncollectible 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 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. ohnston Supplies, Incorporated writes off $3,241 of uncollectible accounts on August 15,2022 . Prepare the required adjusting entry to 'ecord 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. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Allowance for Doubtful Accounts } \\ \hline \multicolumn{1}{|c|}{ Debit } & & \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline \end{tabular}
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